Question: REGRESSION ANALYSIS3In order to predict or forecast using the regression models, it is essential to first develop theregression equation. Once this regression equation has been

REGRESSION ANALYSIS3In order to predict or forecast using the regression models, it is essential to first develop theregression equation. Once this regression equation has been established, this can then be used topredict the levels of the y variable based on the values of the x variable. Y variable stands for thedependent variable where the x variable stands for the independent variable. As such, the

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