Discussion 1 & 2

Discussion 1 & 2

Discussion 1

As a worker's compensation claims analyst, I have chosen regression analysis to access the amount that would be required for creating a reserved fund for processing injury claims. Regression analysis is a statistical tool for analyzing the relationship between two variables, such that one is dependent and the other is independent. The reason I chose regression analysis is that it is a good technique for forecasting and future-prediction requirements, as it is used for the identification of the best fit independent variable. Models used for forecasting/prediction are useful even if moderate violation of assumptions ...