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Openai/68255622-0ae4-8008-ba6e-24365969d8a5
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=== Assistant: Linear regression analysis is used to determine how well one or more independent variables predictors explain or predic… === Linear regression analysis is used to determine how well one or more independent variables (predictors) explain or predict a dependent variable (outcome). It helps evaluate the strength and nature of relationships between variables. ===== - Identify Trends: It shows if there is a consistent relationship (positive or negative) between variables. ===== * Make Predictions: The regression line can be used to forecast values based on known data. * Assess Suitability: By evaluating how closely data fits a linear model (e.g. using R²), we can judge whether the data supports a particular recommendation or conclusion. ===== 1. Plot the Data: Graph the independent vs. dependent variable to visually inspect the relationship. ===== # Fit a Line: Use statistical tools to calculate the best-fit line (regression line) through the data points. # Analyze Metrics: - Slope: Indicates the direction and strength of the relationship. - R² (coefficient of determination): Shows how well the line fits the data (values closer to 1 indicate a strong fit). # Draw Conclusions: If the data strongly follows the trend line and R² is high, the model supports using the data to justify a recommendation. In summary, linear regression helps test if there's a meaningful, predictive relationship in the data that justifies a particular course of action.
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