Regression analysis is a powerful and commonly used tool in business research. One important step in regression is to determine the dependent and independent variable(s).
In a bivariate regression, which variable is the dependent variable and which one is the independent variable?
- What does the intercept of a regression tell? What does the slope of a regression tell?
- What are some of the main uses of a regression?
Provide an example of a situation wherein a bivariate regression would be a good choice for analyzing data.