General Studies · Regression Analysis
Which of the following best explains the primary objective of regression analysis in business decision-making under uncertain and dynamic conditions?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To test hypotheses without numerical data
- 2To eliminate randomness in data
- 3To estimate and predict the value of a dependent variable based on independent variables✓
- 4To measure only qualitative relationships
Correct answer
To estimate and predict the value of a dependent variable based on independent variables
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