What is an example of an important business outcome, Business Law and Ethics

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What is an example of an important business outcome

Problem

1. What is an example of an important business outcome (dependent variable) that decision-makers would need to know on a daily basis that could be predicted using multiple linear regression?

2. Are their consequences for business managers using a model with a low predictive value (less than R²=.05)?

3. Is it important for businesses to constantly improve their models and test new variables?

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Business Law and Ethics: What is an example of an important business outcome

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Business Law and Ethics: What is an example of an important business outcome

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