a)What is the difference between multiple regression analysis andBsimple
regression analysis?
b)Why do we have to estimate the multiple regression model?
a)Multiple regression analysis is a type of regression analysis that involves more than one independent variable. Simple regression analysis involves only one independent variable.
b)We have to estimate the multiple regression model because it allows us to analyze the relationship between multiple independent variables and a single dependent variable. This helps us to better understand the relationship between the variables and to make more accurate predictions.