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Suppose an insurance company wishes to determine which of the subscribers to the 3 health plans the company offers (HMO, PPO plan, and traditional) exhibit better health characteristics. The firm has the following data for each of their subscribers: Percentage of body weight over optimum weight; blood pressure; cholesterol; hours per week of exercise. The goal of the analysis is to categorize the subscribers to each plan as: healthy/somewhat healthy/not healthy. Is a regression analysis the best way for the insurance company to achieve its goal? Begin your answer with Yes or No, then briefly defend your recommendation.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92742968

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