Business Analytics Exam questions and answers graded A+

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Business Analytics Exam questions and answers graded A+

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2025/2026

Institution Business Analytics

Course Business Analytics

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Business Analytics Exam questions and answers graded A+

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Business Analytics Exam questions
and answers graded A+
Regression - ANS✅✅used to develop an equation showing how the variables are related

Main objectives of regression - ANS✅✅Establish if there is a relationship between two variables
(More specifically, establishing if there is a statistically significant relationship between the two),
Forecast new observations

Linear regression - ANS✅✅A regression analysis for which any one unit change in the independent
variable, x, is assumed to result in the same change in the dependent variable, y

Simple Linear Regression Equation - ANS✅✅A + bX (or y = B0 + B1X + e)

y - ANS✅✅dependent variable

x - ANS✅✅independent variable

b0 - ANS✅✅constant (y intercept)

b1 - ANS✅✅slope or coefficient

e - ANS✅✅error term

Multiple Linear Regression - ANS✅✅A regression analysis involving two or more independent
variables

multiple linear regression model - ANS✅✅y=B0+B1x1+B2x2+B3x3+...

b0 (multiple regression) - ANS✅✅y-intercept

b1 (multiple regression) - ANS✅✅parameter associated with x1

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Uploaded on: November 6, 2025
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Written in: 2025/2026
Type: Exam (elaborations)
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