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Please provide an example and then discuss how regression analysis may be used as a forecasting...

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Basic Math

Please provide an example and then discuss how regressionanalysis may be used as a forecasting tool.

Thank you.

Answer & Explanation Solved by verified expert
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Solution Regresson analysis is used to predict a response variable based on one or more explanatory variables It can be used to determine which kinds of variables that we have information on can be used to forecast or predict variables that we dont have information on For    See Answer
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