Why do we need regression analysis? Why not simply use the mean value of the regressand as

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Why do we need regression analysis? Why not simply use the mean value of the regressand as its best value?

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Basic Econometrics

ISBN: 978-0073375779

5th edition

Authors: Damodar N. Gujrati, Dawn C. Porter

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Question Posted: Apr 30, 2018 02:59 AM

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Why do we need regression analysis? Why not simply use the mean value of the regressand as

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Although we can certainly use the mean value standard deviation and other summar...View the full answer

Basic Econometrics

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