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Marketing Strategies for Flanders of Springfield Essay Example
1613 words 6 pages

Customers are categorized as either active or inactive. Active customers receive four catalogs per year, while inactive customers receive one or two in an attempt to regain their interest. Some active customers become inactive each year if they haven’t made a purchase for three consecutive years. However, despite this turnover, yearly sales remain steady at […]

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Popular Questions About Regression Analysis

What is regression analysis and why should I use it?
Regression analysis allows you to understand the strength of relationships between variables. Regression analysis tells you what predictors in a model are statistically significant and which are not. Regression analysis can give a confidence interval for each regression coefficient that it estimates. and much more
What does a regression analysis tell you?
Regression analysis is a reliable method of identifying which variables have impact on a topic of interest. The process of performing a regression allows you to confidently determine which factors matter most, which factors can be ignored, and how these factors influence each other.
When should I use regression analysis?
Use regression analysis to describe the relationships between a set of independent variables and the dependent variable. Regression analysis produces a regression equation where the coefficients represent the relationship between each independent variable and the dependent variable.
How do you calculate regression?
One way to calculate the regression line is to use the five summary statistics , , , , and r (i.e. the mean and SD of X, the mean and SD of Y, and the Pearson correlation between X and Y.) The least squares regression line is represented by the equation. PREDICTED Y = a + b X. where the slope b and intercept a are calculated in the following order:
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