Regression analysis is best defined as _______.
A)a statistical process which involves estimating a prediction equation that expresses an item of interest (commonly known as the y or dependent variable) in terms of other data fields
B)a non-statistical process which involves estimating a prediction equation that expresses an item of interest (commonly known as the y or dependent variable) in terms of other data fields
C)a statistical process which involves estimating a prediction parameter that expresses an item of interest (commonly known as the y or dependent variable) in terms of other data fields
D)a non-statistical process which involves estimating a prediction parameter that expresses an item of interest (commonly known as the y or dependent variable) in terms of other data fields

Question

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Regression analysis is a statistical process which involves estimating a prediction equation that expresses an item of interest, often referred to as the dependent variable or y variable, in terms of other data fields or independent variables. This process allows for the prediction of the dependent variable based on the values of the independent variables.

Regression Analysis Is Best Defined as _______