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Problem 1: What is the purpose of regression analysis?
Option 1: To calculate the coefficient of determinationOption 2: To provide a visual analysis of a graphical representation of the relationship between two variablesOption 3: To measure the extent to which changes in one variable are associated with changes in another variableOption 4: To determine the best-fitting line among a set of data points
Problem 2: Which of the following is not a data limitation that can undermine the credibility or usefulness of regression analysis?
Option 1: Extreme data points may not reflect normal operationsOption 2: Regression analysis does not provide any indication about the reliability of its resultsOption 3: Predictions based on historical data may not accurately forecast future performanceOption 4: All of these are limitations
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