Regression analysis
The Chartered Institute of Procurement & Supply (CIPS) Glossary of procurement terms, defines regression analysis as: ‘Statistical methods used for predicting what will happen in one variable as a result of a change in another – e.g., will quality improve by X amount if the price is increased by Y amount? Quality is not a direct function of price, so it may do so, or it may not. Regression analysis looks at probabilities.’
See also: Map regression analysis.
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