Std Name : 3
Running Header: Simple and multiple Regression
Title: Simple and Multiple regressions
Presented By:
Presented To:
Date: 23/02/2018
Response:
1) Variables will provide a comprehensive insight into the outcome analysis of variety of models available in the given scenario. For example based on the actual variables taken for study the outcomes from the models can be evaluated and subsequently decisions can be taken in this regard. For example a simple investment return model of multiple financial organizations can be estimated for outcomes by studying the interest variable for each of the models and the findings of the outcomes can be used to further evaluate the relative outcomes from each of the models and a decision can be taken for best returns based on the findings.
2) A simple linear regression model or scatter diagram will provide the trends and distribution of the dependence of a selected dependent variable on an independent variable. The trend and the pattern observation will facilitate the examiner to take decisions regarding the right selection of the independent variable for better...