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Study in Economics: To comprehend the relationships between different economic elements, multiple regression is a common technique in economics. To forecast the stock market index
Study in Economics: To comprehend the relationships between different economic elements, multiple regression is a common technique in economics. To forecast the stock market index (dependent variable), a research may, for instance, utilize the GDP, unemployment rate, and inflation rate as independent factors. To find the relative importance of each independent variable on the dependent variable, the researchers would do multiple regression analysis. For instance, the findings may indicate that, whilst the unemployment rate has a negative impact, the GDP has a significant positive influence on the stock market index
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