Multiple Regression Analysis in Business: Uses & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which statement BEST describes the purpose of a regression analysis?

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1. If a political campaign wanted to buy a television commercial that targeted a specific segment of the population, a regression analysis could answer all of these questions EXCEPT:

2. In this regression, the data points marked with the magenta stars are:

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About This Quiz & Worksheet

With these assessments, you can discover how much you know about multiple regression analysis in business. Make sure you understand key topics for the quiz, such as the main purpose of regression analysis and the questions a regression analysis could answer in response to a political advertisement for a targeted audience.

Quiz & Worksheet Goals

You'll be answering questions on these points of interest:

  • Interpreting data points in a sample regression
  • Central variable in a regression
  • Making a conclusion about variable relationships based on a sample regression plot

Skills Practiced

  • Reading comprehension - make sure you understand the most important information from the lesson on multiple regression analysis in business, including the questions associated with a regression when considering a targeted audience in a political campaign
  • Knowledge application - use your knowledge to answer questions about the goal of regression analysis and the central variable in a regression
  • Problem solving - use what you've learned to interpret sample regression plots in practice problems

Additional Learning

Learn more about regression analysis with the lesson named Multiple Regression Analysis in Business: Uses & Examples. These topics will be covered throughout the lesson:

  • Correlations without a true relationship
  • Plotting data points
  • Causal relationships
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