Regression analysis is used to ________.
A) rank customers according to their purchasing patterns
B) predict future performance
C) identify groups of entities that have similar characteristics
D) perform basic operations

Question

Quizplus · Accepted Answer

Regression analysis is a statistical method used to study the relationship between two or more variables. It is most commonly used to make predictions about future outcomes based on past data, making B the best choice. It is not used to rank customers, identify groups of entities, or perform basic operations.

Regression Analysis Is Used to ________