A regression model can be used to explain, predict and control the dependent variable, on the basis of independent variables.

Question

Quizplus · Accepted Answer

A regression model is commonly used to explain the relationship between a dependent variable and one or more independent variables. The model can also be used to predict future values of the dependent variable and control for the impact of the independent variables on the outcome variable. Therefore, the statement that a regression model can be used to explain, predict and control the dependent variable, on the basis of independent variables, is true.

A Regression Model Can Be Used to Explain, Predict and Control