QNT 561 Week 5 DQ 2 -
Regression can be a complex or simple analysis depending on the type of regression you choose. Linear regression is the simplest form where you are looking to predict 1 relationship using 1 variable. Structural equation modeling is a more complex form of regression where you are looking at the prediction of multiple variables as well as examining mediation and moderation.
What is the purpose of using regression analysis? How may it be used to formulate strategies? Provide examples related to strategy formulation and implementation.