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The outcome for Chapter 14.3 states that Regression analysis is a statistical tool that is used for two main purposes: description and prediction. Based on
The outcome for Chapter 14.3 states that "Regression analysis is a statistical tool that is used for two main purposes: description and prediction."
- Based on the outcome, provide a current event of a business application using regression analysis for decision making.
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/667a0b66a007d_341667a0b655dcde.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/667a0b67adccf_343667a0b673a1c9.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/667a0b68965a9_344667a0b6846cf1.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/667a0b69afc00_345667a0b69278ee.jpg)
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