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Predicted using multiple linear regression

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Reference no: EM133211505

What is an example of an important business outcome (dependent variable) that decision-makers would need to know on a daily basis that could be predicted using multiple linear regression?

Are their consequences for business managers using a model with a low predictive value (less than R2=.05)?

Is it important for businesses to constantly improve their models and test new variables?

Reference no: EM133211505

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