(Answered) Regression equation to the data

Statistics

1. Discuss with an example, how regression may be used at the workplace.

2. What terms describe the fit of a regression equation to the data? When is this fit good enough?

3. How does a multiple regression differ from a simple linear regression and why the use of a multiple regression is generally preferred over a simple linear regression?

4. What type of data is best described using a Time Series? Think of an example from your work place or from your day to day experience.

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