Problem-Solving Tools - Correlation/Regression Analysis

 

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Correlation/Regression Analysis

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Correlation/Regression Analysis

What It Is Used For

  • To determine if there are relationships between two or more variables.

When to Use It

  • To identify and mathematically define the relationship between variables so that predictions can be made based on the expected relationship.

Important Notes

  • Even when a relationship between variables exists, a straight line cannot always define the relationship.

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