Multivariate regression analysis

Multivariate regression analysis is a statistical method used to understand how multiple factors or variables together influence a particular outcome. For example, it can help determine how factors like education level, work experience, and age collectively impact a person's income. By analyzing these variables simultaneously, the method identifies the strength and direction of each factor's effect, allowing for more accurate predictions and insights. It’s useful in research and decision-making where many variables interact to produce an outcome, helping to clarify the relative importance of each factor.