Linear regression is a method to find out the prediction of the dependent variables from one or more independent variables.
Its called predictive analysis
Regression Analysis is used
- Determines the strength of the predictors (Ivs) on DV
- Forecasting - how much sales would happen in next year/month for an additional $1000 per month on an advertisement
- Trend forecasting - what will be the price of flat in another year?
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