as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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define the term "regression analysis"
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regression analysis is a statistical method used to determine the relationship between a dependent variable and one or more independent variables. it is used to predict the values of the dependent variable based on the values of the independent variables. this technique can also be used to explore the relationships between variables and to identify potential factors that influence the dependent variable.
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