5
Understanding Regression
In this chapter, we will learn about regression, a powerful statistical tool that can enable decision-makers to identify and understand relationships between variables, uncover trends, and forecast future trends.
You might be asking yourself the following question:
How can I benefit from understanding regression?
Regression, in simple terms, is a statistical method that helps uncover patterns and relationships within data.
Within businesses, regression can allow decision-makers to better understand how different factors or variables impact their key performance indicators, such as sales, revenue, or customer satisfaction. By identifying these relationships, businesses can make more informed decisions, optimize their ...
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