Amongst which of the following is / are the true about regression analysis?Describes associations within the dataModeling relationships within the dataAnswering yes/no questions about the dataAll of the mentioned above
Question
Amongst which of the following is / are the true about regression analysis?Describes associations within the dataModeling relationships within the dataAnswering yes/no questions about the dataAll of the mentioned above
Solution
The correct answer is: Describes associations within the data and Modeling relationships within the data.
Regression analysis is a statistical method used for the estimation of relationships between a dependent variable and one or more independent variables. It can be used to assess the strength of the relationship between variables and for modeling the future relationship between them.
However, regression analysis is not typically used for answering yes/no questions about the data. This type of question is usually addressed with classification methods in statistics.
Therefore, the statement "All of the mentioned above" is not true because not all the options listed are correct about regression analysis.
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