![]() Simple regression involves one independent variable and one dependent variable, while multiple regression involves two or more independent variables and one dependent variable. There are two main types of regression analysis: simple regression and multiple regression. Types of regression analysis (simple, multiple) ![]() It helps in identifying the strength and direction of the relationship between the variables and in understanding the impact of one variable on the other. The primary purpose of regression analysis is to understand the relationship between variables and to make predictions. Purpose of regression analysis in data analysis It helps in understanding the nature of the relationship between the variables and making predictions based on that relationship. Regression analysis is a statistical method that allows us to examine and quantify the relationship between two or more variables. This technique is widely used in various fields such as finance, economics, psychology, and engineering. It helps in understanding how the value of the dependent variable changes when one of the independent variables is varied. Regression analysis is a statistical technique used to study the relationship between a dependent variable and one or more independent variables.
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