(Answered) 1 what is the purpose of using correlation analysis how may

Management Studies

1. What is the purpose of using correlation analysis? How may correlation analysis be used in business decisions or in relation to strategy formulation and implementation?

2. How is regression analysis used in forecasting? Provide examples.

3. 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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