Devry BIAM300 2022 March Week 4 Discussion Latest

Question # 00822592 Posted By: Ferreor Updated on: 04/18/2022 01:39 AM Due on: 04/18/2022
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BIAM300 Managerial Applications of Business Analytics

Week 4 Discussion

Probability Distribution

After reviewing Sections 4.1 to 4.7, your CEO has asked you for some clarification on probability. Please respond to the questions below.

1. How would you explain simple linear regression (SLR) to a CEO?

2. How is multiple regression different from single regression? What are the differences? Please provide an example of multiple regression.

3. Why is regression, multiple or simple, an important concept to understand, especially for a CEO? What are some examples of practical applications of regression?


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