Question

An insurance company wants to predict sales from the amount of money they spend on advertising. Which would be the independent variable :

Answer 1

We might interpret the estimate of to mean that a person who doesn't eat, doesn't company wants to measure the effectiveness of different types of advertising

Answer 2

Explanation:

➡️Regression uses the historical relationship between an independent and a dependent variable to predict the future values of the dependent variable. Businesses use regression to predict such things as future sales, stock prices, currency exchange rates, and productivity gains resulting from a training program.