GLOSSARY

Regression analysis

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.

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