STATISTICAL TECHNIQUES AND TOOLS
REGRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The main purpose(s) of (LR) is/are (choose all that apply):
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Exploring the relationship between one variable and another
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Describing the relationship between one variable and another
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Predicting one variable on the basis of another
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Explaining one variable in terms of another
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Explanation:
Detailed explanation-1: -It is used to examine and describe the relationship between a binary variable and set of predicator variables. The primary objective of logistic regression is to model the mean of the response variables, given a set or predicator variables.
Detailed explanation-2: -The goal of multiple linear regression is to model the linear relationship between the explanatory (independent) variables and response (dependent) variables.
Detailed explanation-3: -Simple linear regression is used to model the relationship between two continuous variables. Often, the objective is to predict the value of an output variable (or response) based on the value of an input (or predictor) variable.
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