Question

state the utility of regression​

Answer 1

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Regression analysis uses data, specifically two or more variables, to provide some idea of where future data points will be. The benefit of regression analysis is that this type of statistical calculation gives businesses a way to see into the future.

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Answer 2

Regression analysis uses data, specifically two or more variables, to provide some idea of where future data points will be. The benefit of regression analysis is that this type of statistical calculation gives businesses a way to see into the future.

The regression method of forecasting allows businesses to use specific strategies so that those predictions, such as future sales, future needs for labor or supplies, or even future challenges, will yield meaningful information.

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