Regression is a method of association that refers to the fact that if two variables are related, when one changes by a certain amount, so does the other. Its purpose is to learn more about the relationship between several independent or predictor variables and a dependent or criterion variable.
Personnel professionals customarily use multiple regression procedures to determine equitable compensation. They use regression analysis to determine a number of factors or such as amount of responsibility or supervisory experience that one believes to contribute to the value of a job. The personnel analyst then usually conducts a salary survey among comparable companies in the market, recording the salaries and respective characteristics for different positions.
