asked 66.9k views
5 votes
Regression analysis uses only two of the historical data points for estimating a cost equation. True or false

asked
User Jstol
by
7.9k points

1 Answer

5 votes

Answer:

The answer is false.

Step-by-step explanation:

Regression analysis can take TWO OR MORE variables of interest.

It is a very useful method for statistical analysis because it allows you to compare one or more dependent variables to one independent variable. This way it's possible to measure which ones have an impact on any topic of interest, and decide which of the variables matter, which ones are irrelevant and what effect they have on each other.

answered
User Deepali Agarwal
by
8.1k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.