Regression analysis is an extremely valuable quantitative tool. After reviewing the chapter, describe how businesses can use regression analysis to make better decisions. In your current work environment, can regression analysis be employed to assist in the decision making process?

Question 3 1 pts Which of the following statements is FALSE about regression analysis? O Regression analysis falls under predictive analytics. O We use regression analysis to understand the distribution of a variable O We use the regression analysis to assess the relationship between dependent and independent variables. We use the regression analysis to explain the change in dependent variable as a result of change in independent variables.Which of the following is correct? (There may be one or multiple correct answers within the list below) Suppose that you are interested in estimating the ceteris paribus relationship between y and x1. You have collected data and run the following sample regression function, and obtained estimates of OLS coefficients. Vi = Bo + Bixa + B2x12 Later on, you have realized that the true population function is: Vi = Bo + Bixa+ u Thus, you run the following sample regression function. Di = Bo + Bixn None of the other statements given in this list can be said without further information The coefficient estimate of x1 in multiple regression analysis can be smaller than the coefficient estimate of x1 in simple regression analysis. The coefficient estimate of x1 in multiple regression analysis will be equal to the coefficient estimate of x1 in simple regression analysis. The coefficient estimate of x1 in multiple regression analysis can be greater than the coefficient estimate of x1 in simple regression analysis