Question: Explain the concept of correlation & regression and point out its importance in: getting a prediction model use in business forecasting. including the role of

Explain the concept of correlation & regression and point out its importance in:

getting a prediction model use in business forecasting. including the role of regression analysis in business decision-making. What are the important properties of regression coefficients?

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Correlation and regression are statistical techniques used to analyze the relationship between variables and make predictions based on that relationsh... View full answer

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