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Briefly define and give a specific example of: A.1 Regression analysis A.2 Adjusted R2 A.3 t...

Briefly define and give a specific example of:

A.1 Regression analysis

A.2 Adjusted R2

A.3 t statistic

A.4 Dummy variable

A.5 Logarithmic transformation

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Answer #1

1>  Regression analysis :- It is a statistical method that allows you to examine the relationship between two or more variables of interest. Here, you test the relationship of a dependent variable on one or more independent variables,

Example :-

Suppose, the income of a person depends on his education level, age and gender. Then you can run a regression analysis to check the relation with income as dependent variable and education level, age and gender as independent variable.

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