For which statistical analysis is the following formula used? Y = a + b₁X₁ + b₂X₂ + b₃X₃+ … + b_n X_n A)Correlation analysis B)Chi-square analysis C)Multiple regression D)Conjoint analysis E)Factor analysis

Question

Quizplus · Accepted Answer

This formula is used for multiple regression analysis, where Y is the dependent variable and the terms on the right-hand side represent the independent variables and their coefficients. The formula shows how changes in the independent variables affect the dependent variable.

For Which Statistical Analysis Is the Following Formula Used