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The general purpose of multiple regression (the term was first used by Pearson, 1908) is to learn more about the relationship between several independent or predictor variables and a dependent or criterion variable.
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.