Question
Need help with an example for class. Regression analysis can be used to analyze how a change in one variable impacts the other variable, such
Need help with an example for class.
Regression analysis can be used to analyze how a change in one variable impacts the other variable, such as an increase in marketing budget increasing sales. Find a unique area of your life where one variable impacts the other variable (and that are both measurable) and do a regression analysis on it. Be sure to include the coefficient of determination as well as the test of significance. Share your results and make any comments as to whether or not there is a possibility of potential problems (causation or extrapolation) with your results.
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