Statistics for Business: Decision Making and Analysis, Ch. 19 Linear Patterns

Statistics
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Discuss with an example, how regression may be used at your workplace.

Aug 18th, 2015

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Regression analysis helps in  many ways

1. Helps  understand how   business operations in work place operates and thus helps you to make  wise decisions and its evaluation.

 2. Regression analysis can also be used in work place by by  justifying company's  expenditure and sales 

3. Can also be useful in testing company's hypothesis , the manger may ask you  to evaluate sales  then its your duty to examine the  variables and  the historical  data  and sales and  advertising ,expenditures and  number of sales

4. Helps in forecasting in the work place. you'll more interested in the future than the past Regression enables an individual to take advantage of the past to predict the future outcome..

Please let me know if you need any clarification. I'm always happy to answer your questions.
Aug 18th, 2015

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