Regression analysis:
A) Extracts the minimum amount of information from the data provided to answer the relevant questions.
B) Extracts the maximum amount of information from the data provided to answer the relevant questions.
C) Has not major drawbacks due to the complexity of the Excel function effectiveness.
D) Requires the high and low data to be specifically identified to improve its accuracy.

Question

Quizplus · Accepted Answer

Regression analysis extracts the maximum amount of information from the data provided to answer the relevant questions by identifying the relationships between the dependent and independent variables. It can also identify the significant predictors and their strength of association with the dependent variable. However, its accuracy can be affected by outliers, multicollinearity, and other assumptions violations.

Regression Analysis