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What is Regression Analysis Summary Report about?
The regression analysis shows a moderately strong negative correlation (R=-0.767934) between years of experience and insurance premiums. Years of experience explains about 59% of the variation in premiums, and significantly predicts lower premiums the more experience an individual has, with premiums decreasing by an estimated 1.54759 for each additional year of experience.
- Author
- Raja Shahroz Ishaq
- Language
- EN