What Is Regression Analysis?
Regression analysis is a statistical method used to examine the relationship between one or more independent variables and a dependent variable. It is widely applied across various industries to identify trends, make predictions, and support decision-making processes. By modeling these relationships, regression analysis helps in understanding how changes in independent variables impact the dependent variable. Common types of regression analysis include linear regression, logistic regression, and multiple regression, each catering to different data structures and research needs. This powerful tool enables analysts to uncover insights, test hypotheses, and refine strategies based on quantifiable evidence.