I think its wrong
You have an ice-cream shop. You noticed a relationship between the number of cones you order and the number of ice-creams you sell. Is this a suitable situation for regression analysis?
Here if his sales is more, then he have to order more cones. if his sales is not good, then he have to order less cones. So regression analysis is valid here.
1 answers ( 0 marked as helpful)
Hey Nandeesh,
What you have described here is indeed a relationship that can be modelled with regression analysis. Regression will help you quantify the relationship between the two variables (number of cones ordered and number of ice creams sold).
Best,
Ned