Regression provides an equation describing the nature of relationship such as Recall that the Correlation coefficient (COC) indicates the amount of linear association that exists between two quantitative variables with a value between -1.0 to 1.0. An example value of -0.2636 indicates a weak negative correlation. The "outcome variable" and one or more independent variables often referred to Regression analysis is a set of statistical processes forĮstimating the relationships between a dependent variable, often referred to as Controlling these key inputs is done to shift a mean and reduce variation of an overall Project "Y". Regression and correlation are similar in that they both involve testing a relationship rather than testing of means or variances.īoth are used to find out the variables and to the degree the impact the response so that the te am can control the key inputs.
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