How do you use regression coefficients to predict outcomes?
In the world of Business Intelligence (BI), making accurate predictions can be the difference between success and failure. Regression analysis is a powerful statistical tool you can use to understand the relationship between variables and how they contribute to your target outcome. By examining regression coefficients, which quantify the influence of each predictor variable, you can forecast future events with greater precision. Understanding how to interpret these coefficients is essential for leveraging BI to its full potential.