LSSGB: The most important statistical objective of conducting Regression Analysis is:
OPTIONS
- To show the relationship between two variables
- To show co-linearity
- To show per cent variability
- To represent the relationship with the help of a Best fit line
ANSWER
To represent the relationship with the help of a Best fit line
EXPLANATION
Although you can determine percent variability by use of Regression Analysis and also show the relationship between two variables, determining the best fit line is the most important statistical objective of Regression as it helps you find if the model is a fit or not
