• Explain the concept of ANOVA and in what setting should it be utilized. Provide specific example from your major which shows that using ANOVA approach could benefit in solving a particular challenge.
• When a one-way ANOVA and when a two-way ANOVA approach should be utilized? Please provide a specific example for each one.
• Explain the concept of regression analysis and how it is utilized in "real world". Provide example of one dependent and one independent variable which could be utilized in the regression analysis forecasting model.