Explain the concepts of linear regression

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Reference no: EM133498450

Case Study: Linear regression provides statisticians with an opportunity to model the relationship between an independent variable and 1 or more dependent variables. In the case of 1 dependent variable, the analysis is called simple linear regression. If there are 2 or more explanatory variables, it is called multi-variate or multiple linear regression.

Respond to the following in a minimum of 175 words:

Question 1: Explain the concepts of linear regression, including what you are evaluating, when it should be used, and the differences between a dependent variable and independent variable.

Question 2: Describe 1 example from your own personal or professional experiences where you could apply a linear regression. Discuss how knowing that information helped you.

Reference no: EM133498450

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