Hello,

Could I kindly receive help formulating a scenario/problem with the following prompt? Could provide your own interpretations of comparison between the values of X and Y (Say comparisons of rent in a state vs the next or anything along those lines). Thank you.

Think of a problem dealing with two possibly related variables (Y and X) that you may be interested in. Share your problem and discuss why a regression analysis could be appropriate for this problem.

Specifically, what statistical questions are you asking? Why would you want to predict the value of Y? What if you wanted to predict a value of Y that's beyond the highest value of X (for example if X is time and you want to forecast Y in the future)?