Rarely is role playing viewed as the effective and useful coaching tool that it is. When set up and used correctly, role playing is one of the most helpful ways to train and develop your employees.
Correlation analysis is used primarily as a data exploration technique to reveal the degree of association in a set of matched data. This information can inform subsequent analyses of relationships between variables. In particular, correlation can indicate possible factors that confound a relationship of interest.
Regression analysis is one of the most important statistical techniques for business applications. Itâs a statistical methodology that helps estimate the strength and direction of the relationship between two or more variables. The analyst may use regression analysis to determine the actual relationship between these variables by looking at a corporationâs sales and profits over the past several years.