Regression analysis is a widely popular statistical method in various fields of study for prediction. It is a powerful tool that helps businesses and total quality management excellence researchers understand the complex interactions and make informed decisions.
The fundamental concept of regression analysis involves an independent variable, also known as the predictor or regressor, which is used to predict an outcome or a outcome. The goal of regression analysis is to create a mathematical model that best fits the data and estimates the values of the response based on the independent variable.
Types of Regression Analysis
There are several types of regression analysis that can be used depending on the nature of the data.
