The reason an analyst creates a regression model is
A) to determine the errors in the data collected.
B) to predict a dependent variable value given specific independent variable values.
C) to predict an independent variable value given specific dependent variable values.
D) to verify the errors are normally distributed.

Question

Quizplus · Accepted Answer

The primary purpose of creating a regression model is to predict the value of a dependent variable based on specific independent variable values. While other purposes such as identifying errors or verifying normal distribution may also be part of the process, they are not the main objective of creating a regression model.

The Reason an Analyst Creates a Regression Model Is