![]() Multiple regressions –It uses at least two independent variables.įor example: Analyzing a particular organization or retail shop, before and after advertising. Linear regression- It uses an independent variable to predict the result of the dependent variable. A variation in the dependent variables mainly depends on and is associated with, a change in one or more independent variables. The statistical techniques used to carry out the relationship between two or more variables. The choice of tools should always be based on the type of analysis conducted, and the data used. Numerous data analysis tools and techniques are existing in the market, having its own set of functions. Competitive Statistical is the subset of market research. ![]() Market Research and Competitive Statistical Analysis: Market research is how product managers gather information about customer needs and market drivers. ![]() Quantitative data involves descriptive data, such as survey data and observational data. It is a kind of quantitative research, which seeks to quantify the data, and applies some form of statistical analysis. Statistical data analysis is a process of accomplishing various statistical operations. Statistics is fundamentally a science that includes data interpretation, data collection, and data validation.
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