Question

Module 4: Regression Analysis and Regression Models with Dummy Variables

Original Discussion Board Post*:

The original post needs to directly address the topic for that discussion. Since each discussion board topic requires your personal thoughts or research to be answered, each original post by each student will be unique and different. Answer the question in its entirety and include enough depth and information that anyone reading the post can clearly tell what it is you were thinking or doing to solve the situation. You must answer the question AND give us enough detail so that we can tell why you answered it the way you did.

In Module 4 we study another area of inferential statistics that involves determining whether a relationship between two or more numerical or quantitative variables exist. For example, a business person may want to know whether the volume of sales for a given month is related to the amount of advertising the firm does that month. Educators are interested in determining whether the number of hours a student studies is related to the student's score on a particular exam. Medical researchers are interested in questions such as, Is caffeine related to heart damage? or Is there a relationship between a person's age and his or her blood pressure? As you study Linear Regression and Correlation, post an example where these statistical techniques can be used to best serve your current or future profession

Answer 1