Question

g Regression is a functional relationship between two or more correlated variables, where one or more variables are used to predict a single variable of interest. Group of answer choices True False

Answer 1

Answer:

True

Step-by-step explanation:

In regression analysis, it tries to infer that there is a supposed relationship between two or more variables.

Now it has a couple of functions such as;

It allows us to directly estimate the parameters in linear functions only, although there are some other ways in which it would allow many non - linear functional forms to get estimated indirectly.

Regression also allows us to test and find out if there is a functional relationship between two or more variables. This is done by testing the hypothesis whether each of the slopes have a value of zero.

Thus, from the definitions given, we can see that regression is a basically a functional relationship between two or more variables, where one or more variables are used to predict a single variable of interest.

Thus, the given statement is true.