Describe basic regression

Question

Accepted Answer

Basic regression is a statistical method used to analyze the relationship between a dependent variable and one or more independent variables.

Regression analysis is used to predict the value of the dependent variable based on the values of the independent variables.
The most common type of regression is linear regression, where a straight line is used to model the relationship between variables.
Other types of regression include logistic regression for binary outcomes and polynomial regression for non-linear relationships.
Regression analysis helps in understanding the strength and direction of the relationship between variables.
Coefficients in regression equations represent the impact of independent variables on the dependent variable.

Top Analysis Group Research Analyst Intern interview questions & answers