Here some applications of regression analysis in business a simple linear regression could mean you finding a relationship between the revenue and temperature with revenue as the dependent variable regression models can also be used to optimize business processes a factory manager for example can create a statistical model to . The key factor in any statistical models is the right understanding of the domain and its business application linear regression is a very powerful statistical technique and can be used to generate insights on consumer behaviour understanding business and factors influencing profitability. Regression analysis includes several variations such as linear multiple linear and nonlinear the most common models are simple linear and multiple linear nonlinear regression analysis is commonly used for more complicated data sets in which the dependent and independent variables show a nonlinear relationship. Linear regression analysis is the most widely used statistical method and the foundation of more advanced methods regression analysis and linear models concepts applications and implementation is a major rewrite and modernization of darlingtons regression and linear models originally published in 1990this book introduces linear regression analysis to researchers in the behavioral
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