oboloo

oboloo Glossary

Regression

oboloo Glossary

Regression

Regression analysis is a powerful statistical technique used to identify cause and effect relationships between variables. It is commonly used in business to explain the behavior of one variable based on the behavior of another. For example, a company may use regression analysis to understand how changes in prices or marketing campaigns affect sales. Regression analysis can also be used to predict future outcomes based on existing data. By understanding how two variables are related and how changes in one impact the other, businesses can make better decisions that lead to more profitable outcomes.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971