Regression analysis is a statistical tool that is used for two main purposes
Regression analysis is a statistical tool that is used for two main purposes: description and prediction.
Provide an example of an application using regression analysis for decision making in a hospital setting that involves either description or prediction.
Sample Answer
That’s right, regression analysis is a powerful tool for both understanding relationships and forecasting outcomes. Here’s an example of how it could be used for prediction in a hospital setting to aid in decision-making:
Scenario: Predicting Patient Length of Stay (LOS) After a Specific Surgical Procedure
Application: A hospital administrator wants to optimize resource allocation, such as bed availability and staffing, for patients undergoing elective knee replacement surgery. Accurate prediction of the length of stay (LOS) post-surgery can significantly improve scheduling and reduce bottlenecks.