What is Regression Analysis?
Modified on: Thu, 2 Aug, 2018 at 10:47 AM
- In statistical modeling, Regression Analysis is a statistical process for estimating the relationship among variables.
- It includes many techniques for modeling and analyzing several variables, when the focus is on the relationship between a dependent variable and one or more independent variables (or 'predictors').
- The aim of Regression Analysis is to verify if the two variables have a correlation with each other.
- This is represented by the R2 value here, which should be as close to 1 as possible. As you can see, these two datasources, do have a correlated usage.
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