Question: From your understanding in today's lecture, write this answer with vast explanation with examples 1) Imagine you are asked to use regression analysis to explain

From your understanding in today's lecture, write this answer with vast explanation with examples

1) Imagine you are asked to use regression analysis to explain the profitability of new supermarket products, such as the introduction of a new type of jam or yoghurt, during the first year of their launch. Which independent variables would you use to explain these new products' profitability?

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