Purpose of using regression analysis
What is the purpose of using regression analysis? How may it be used to formulate strategies? Provide examples related to strategy formulation and implementation.
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Find the equation of demand curve if consumer incomes are $30,000, price of good Y is $10, and price of good Z is $20?
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What is the purpose of using regression analysis? How may it be used to formulate strategies?
Find out following when P = $2/unit, Y = $8 (i.e., $8000), and A = $25 (i.e., $25,000). Percentage increase in demand if disposable income percentage rises by 3%?
What are the main challenges whiich the company is facing now, and will face in the future and what steps must be taken now to cope with such challenges?
How is regression analysis used in forecasting? Provide examples. What is the purpose of using correlation analysis?
What is the relationship between confidence intervals and hypothesis testing? How are they the same? How are they different?
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