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Write it on your own word please. Do not copy from the website. Discussion Question 7.2:...

Write it on your own word please. Do not copy from the website.

Discussion Question 7.2: Once the independent and dependent variables are identified correctly, regression analysis is often thought of as a Three Step Process:

  1. What is the conclusion of the null hypothesis, Ho: B1=0;
  2. If there is an association between X and Y, how strong is this association?
  3. What are the values of the regression coefficients?

How would you explain this three step process to someone who has no knowledge of regression analysis?

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