What Does Regression Analysis Attempt to Establish

question 68

Multiple Choice

What does regression analysis attempt to establish?

• A) a mathematical relationship between a dependent variable, for which future values will be forecast, and one or more independent variables with known values
• B) linearity in the relationship between independent variables
• C) linearity in the relationship between a dependent variable and a set of independent variables
• D) multicollinearity

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Definitions:

Metric

A quantitative measure used to assess performance, progress, or quality of a product, process, or service.

Measure

The process of quantitatively assessing performance, characteristics, or quality of products, services, or processes, typically by using specific tools and metrics.

Supply Chain Financial Impact

The effect that supply chain operations and efficiency have on the financial health and profitability of a company.