Think about an issue at work or in some other facet of your life in which a regression analysis is applicable to come up with a way to predict a particular quantitative outcome (the dependent) variable.  Discuss this situation, describe the dependent and independent variables involved, and how regression analysis could be beneficial. In addition, state why a collinearity diagnosis is essential when conducting multiple regression analysis

Think about an issue at work or in some other facet of your life in which a regression analysis is applicable to come up with a way to predict a particular quantitative outcome (the dependent) variable.  Discuss this situation, describe the dependent and independent variables involved, and how regression analysis could be beneficial. In addition, state why a collinearity diagnosis is essential when conducting multiple regression analysis. 
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