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Regression analysis is _____. only used for analyzing historical data a statistical technique used to show how much of variation in the data can be

Regression analysis is _____.

  1. only used for analyzing historical data
  2. a statistical technique used to show how much of variation in the data can be explained by each of the explanatory variables
  3. a data collection method for actual purchase prices given the economic value of a product
  4. is a means for incrementally pricing products in a product line based on pricing elasticity estimates

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