A computer chip firm wanted to develop a model that would be used to assess the

Question

A computer chip firm wanted to develop a model that would be used to assess the relative importance of various steps in the manufacturing process on the final performance of the chips. Engineers developed a list of variables that could be adjusted during the manufacturing process. A regression model was constructed with chip performance as the target variable and 15 factors thought to affect performance. The idea was to find the key drivers of performance so that changes could be made. This is an example of using regression for:

Predictive analysis
Explanatory analysis
Factor analysis

Explanation / Answer

This is an example of predictive analysis. As here we are trying to explore which are the key drivers of performance by trying to create a model having a target variable and 15 factors. Once model is created we can get a list of significant variables for predicting the performance of the chips.

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