Regression Analysis

Regression analysis is a powerful and widely used statistical method for estimating the relationships between a dependent variable and one or more independent variables. The core objective is to model the relationship between these variables to understand how the value of the dependent variable changes when any of the independent variables are varied. By establishing a mathematical equation, regression analysis allows for prediction and forecasting, as well as quantifying the strength of the relationship between the variables, making it a fundamental tool for drawing conclusions from data.