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lease respond to the following prompt As we learned in chapter 10, regression analysis is about determining the relationship between variables.There are many applications of

lease respond to the following prompt

As we learned in chapter 10, regression analysis is about determining the relationship between variables.There are many applications of this type of analysis in business settings.Most business owners are focused on revenues, costs, and the difference between these which are profits/losses.If there are variables that are controllable that affect profits/revenues/costs, the business owners want to know, and they want to know what the relationship is.Please identify a specific business, and describe a relationship between quantitative variables that they would be interested in, and that could be suitable for regression analysis.

For Example:PG&E provides incentives for people to cut back on energy usage, such as subsidies for energy efficient appliances.PG&E would like to know what the relationship is between increases in subsidies for energy efficiency, and energy usage.They would hope to see a negative relationship between these variables to determine if the money is well spent, and regression analysis is a powerful tool to determine that relationship.

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