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Chapter 3: Q12PE (page 398)

A technique that is useful for screening potential locations for services.

Short Answer

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Regression analysis is used for screening potential locations for services.

Step by step solution

01

Regression analysis

The basic definition of regression analysis is a statistical method used to examine the relationship between two or more variables. The core function of this analysis is to identify the interdependency of one variable over the other dependent variable.

02

Use of regression analysis

Regression analysis isastatistical method used to finance, investment, and other fields that try to find or determine the strength and character of the relationship between the dependent and the interdependent variables.

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