Benefits of using regression analysis are as follows:

**USES OF REGRESSION**

Benefits of using regression analysis are as follows:

1. It indicates the **significant
mathematical** relationship between independent variable (*X*) and
dependent variable( *Y* ). *(i.e)* Model construction

2. It indicates the **strength of impact ( b)** of independent variable
on a dependent variable.

3. It is used to estimate (interpolate) the value of the response
variable for different values of the independent variable from its range in the
given data.
It means that extrapolation of the dependent variable is not generally permissible.

4. In the case of several independent variables, regression
analysis is a way of mathematically sorting out which of those variables indeed
have an impact (It answers the questions: Which independent variable matters
most? Which can we ignore? How do those independent variables interact with
each other?

Study Material, Lecturing Notes, Assignment, Reference, Wiki description explanation, brief detail

12th Statistics : Chapter 5 : Regression Analysis : Uses of Regression |

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