Trident MAT201 2020 January Module 4 Discussion Latest

MAT201 Basic Statistics

Module 4 Discussion

Define a simple linear regression. What is/are the difference(s) between simple linear regression and a multiple regression?

Define a dependent variable. Define an independent variable.

Example: A real estate agent likes to predict the selling price of a home based on several variables: size, location, condition, # of bedrooms, etc.

Based on the example, what is/are the independent variable(s)? What is/are the dependent variable(s?)

Provide two examples of situations in business, or your field, when regression is used. Explain each situation in detail.

Review your peers’ posts and identify the independent and dependent variables in their examples.