Which of the following techniques is used to predict the value of one variable on the basis of other variables?
A)Correlation analysis
B)Coefficient of correlation
C)Covariance
D)Regression analysis

Question

Quizplus · Accepted Answer

Regression analysis is a statistical technique that is used to predict the value of one variable on the basis of other variables. It is used to establish the relationship between a dependent variable and one or more independent variables. Correlation analysis, coefficient of correlation, and covariance are measures of the strength of the relationship between two variables, but they do not allow for predicting one variable based on the other.

Which of the Following Techniques Is Used to Predict the Value