Regression analysis is a statistical method used to evaluate the relationship between a dependent variable and an independent variable. It also helps determine the strength and type of relationship that exists between the variables, and create a model using the relationship to determine future values.
Regression analysis can be of three kinds - linear regression, multilinear regression, and nonlinear regression. Linear regression and multilinear regression are the most common. An example of where regression analysis could be useful is forecasting revenues and expenses.
AuthorCafé is a research administration, writing, and collaboration solution that helps institutions efficiently manage their PhD programmes and pre-award grants processes. AuthorCafé also enables the institution to retrieve real-time data on research progress and funding and identify bottlenecks early on for better productivity.