SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Regression analysis - Correlation & Regression, Business Mathematics & Statistics
Regression analysis - Correlation & Regression, Business Mathematics & Statistics Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
FAQs on Regression analysis - Correlation & Regression, Business Mathematics & Statistics Video Lecture - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
| 1. What is regression analysis? |  |
Ans. Regression analysis is a statistical technique used to model the relationship between a dependent variable and one or more independent variables. It helps in understanding how the value of the dependent variable changes when the independent variables are varied.
| 2. What is the difference between correlation and regression analysis? | |
Ans. Correlation analysis measures the strength and direction of the linear relationship between two variables, while regression analysis determines the mathematical equation that best represents the relationship between the dependent and independent variables.
| 3. How is regression analysis used in business mathematics and statistics? | |
Ans. Regression analysis is widely used in business mathematics and statistics to make predictions, forecast future outcomes, and understand the impact of independent variables on the dependent variable. It helps businesses in decision-making, marketing strategies, financial analysis, and risk assessment.
| 4. What are the assumptions of regression analysis? | |
Ans. Regression analysis assumes that there is a linear relationship between the dependent and independent variables, the residuals (errors) are normally distributed, the residuals have constant variance (homoscedasticity), and there is no multicollinearity (high correlation) among the independent variables.
| 5. How can regression analysis help in making business decisions? | |
Ans. Regression analysis provides valuable insights for making business decisions by identifying the key factors that influence the dependent variable. It helps in determining the optimal pricing strategy, forecasting sales, evaluating the effectiveness of marketing campaigns, analyzing customer behavior, and optimizing resource allocation. By understanding the relationship between variables, businesses can make informed decisions and improve their overall performance.
About this Video
4.73/5
Rating
May 22, 2025
Last updated
Video Description: Regression analysis - Correlation & Regression, Business Mathematics & Statistics for SSC CGL 2025 is part of SSC CGL Tier 2 - Study Material, Online Tests, Previous Year preparation.
The notes and questions for Regression analysis - Correlation & Regression, Business Mathematics & Statistics have been prepared according to the SSC CGL exam syllabus.
Information about Regression analysis - Correlation & Regression, Business Mathematics & Statistics covers all important topics for SSC CGL 2025 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Regression analysis - Correlation & Regression, Business Mathematics & Statistics.
Introduction of Regression analysis - Correlation & Regression, Business Mathematics & Statistics in English is available as part of our SSC CGL Tier 2 - Study Material, Online Tests, Previous Year for SSC CGL & Regression analysis - Correlation & Regression, Business Mathematics & Statistics in
Hindi for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year course. Download more important topics related with notes, lectures and mock test series for
SSC CGL Exam by signing up for free.
Description
Video Lecture & Questions for Regression analysis - Correlation & Regression, Business Mathematics & Statistics Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year - SSC CGL full syllabus preparation | Free video for SSC CGL exam to prepare for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year.
Information about Regression analysis - Correlation & Regression, Business Mathematics & Statistics
Here you can find the meaning of Regression analysis - Correlation & Regression, Business Mathematics & Statistics defined & explained in the simplest way possible.
Besides explaining types of Regression analysis - Correlation & Regression, Business Mathematics & Statistics theory, EduRev gives you an ample number of questions to practice Regression analysis - Correlation & Regression, Business Mathematics & Statistics tests,
examples and also practice SSC CGL tests.
Related Searches
Viva Questions
,Online Tests
,Previous Year
,Regression analysis - Correlation & Regression
,MCQs
,Summary
,shortcuts and tricks
,Online Tests
,Objective type Questions
,Extra Questions
,Semester Notes
,ppt
,Sample Paper
,Previous Year
,Previous Year
,Regression analysis - Correlation & Regression
,Business Mathematics & Statistics Video Lecture | SSC CGL Tier 2 - Study Material
,video lectures
,Exam
,Free
,Business Mathematics & Statistics Video Lecture | SSC CGL Tier 2 - Study Material
,mock tests for examination
,Important questions
,past year papers
,study material
,Online Tests
,Previous Year Questions with Solutions
,Business Mathematics & Statistics Video Lecture | SSC CGL Tier 2 - Study Material
,Regression analysis - Correlation & Regression
,practice quizzes
;
Study Regression analysis - Correlation & Regression, Business Mathematics & Statistics on the App
Students of SSC CGL can study Regression analysis - Correlation & Regression, Business Mathematics & Statistics alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Regression analysis - Correlation & Regression, Business Mathematics & Statistics,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Regression analysis - Correlation & Regression, Business Mathematics & Statistics is prepared as per the latest SSC CGL syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup