Which statistical technique is employed to make predictions or estimate values based on a set of independent variables?*1 pointa. T-testb. Regression analysisc. ANOVAd. Correlation analysis
Question
Which statistical technique is employed to make predictions or estimate values based on a set of independent variables?*1 pointa. T-testb. Regression analysisc. ANOVAd. Correlation analysis
Solution
The statistical technique employed to make predictions or estimate values based on a set of independent variables is b. Regression analysis. This method is used to understand the relationship between dependent and independent variables and can be used for forecasting, time series modeling, and finding the causal effect relationship between the variables.
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