Which of the following techniques is an analysis of the relationship between two variables to help provide the prediction mechanism?Standard errorCorrelationRegressionNone of the above
Question
Which of the following techniques is an analysis of the relationship between two variables to help provide the prediction mechanism?Standard errorCorrelationRegressionNone of the above
Solution
The technique that analyzes the relationship between two variables to provide a prediction mechanism is Regression. This statistical method estimates the relationships among variables. It includes many techniques for modeling and analyzing several variables, when the focus is on the relationship between a dependent variable and one or more independent variables.
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