Regression analysis
Regression analysis is a statistical technique that fits a line to observed data points so that the resulting equation can be used to forecast other data points.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Regression analysis. A statistical technique that fits a line to observed data points so that the resulting equation can be used to forecast other data points.
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Regression analysis. Statistical method that measures the average amount of change in the dependent variable associated with a unit change in one or more independent variables.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Regression analysis. A statistical procedure for determining the line that best fits the data by using all of the historical data points, not just the high and low data points.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
