Regression analysis is a set of statistical methods used for the estimation of relationships between a dependent variable and one or more independent variables. It can be utilized to assess the strength of the relationship between variables and for modeling the future relationship between them. It’s a great way to determine what amount of sales is explained by conditions, sales people, months, or additional conditions, and how understanding what conditions are correlated with profit.
1Summit Analytics also conducts correlation and hypothesis testing under this analysis.