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#1 2015-04-29 08:09:37
- finitehelp
- Member
- Registered: 2009-06-21
- Posts: 80
regression analysis question
Can someone give me a practical application of Regression Analysis. How do I know the dependent variable and is regression analysis was used to predict its value?
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#2 2015-04-29 10:43:13
- bobbym
- bumpkin
- From: Bumpkinland
- Registered: 2009-04-12
- Posts: 109,606
Re: regression analysis question
Regression analysis is used to figure out how one or more variables depends or varies in relation to another. A curve fit is then done and some statistics to see whether or not the fit is good. It is very convenient to have an equation define a set of values. Now, you can make predictions beyond your data.
In mathematics, you don't understand things. You just get used to them.
If it ain't broke, fix it until it is.
Always satisfy the Prime Directive of getting the right answer above all else.
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