Question

BNAD 276 Spring 2019 (online) igns- Week 2 HW8-Seven Prototypical Designs THE UNIVERSITY . OF ARIZONA Scenario: Donald predicting price of car Donald wants to predict the price or a car based on how many miles the car has on it. He hopes to exploit what he knows about the relationship between car price and mileage to predict how much a customer might pay for a car with a certain mileage reading. ose to Review, Self-Assess o Review Please dick on the best analysis (below) for him to use Graded Quiz T-TEST TWO WAY ANOVA ANOVA CHI-SQUARE REGRESSION < PREV PM

Answer 1

He Should go for REGRESSION.

Regression analysis is a statistical technique used to find the relations between two or more variables. In regression analysis one variable is independent and its impact on the other dependent variables is measured.Which is exactly Donald wanted to achieve, to predict the price a customer is willing to pay for the mileage.