An analytical technique (analytical method) is a procedure or a method for the analysis of some problem, status or a fact. Analytical techniques are usually time-limited and task-limited. They are used once to solve a specific issue. Opposed to that affect management of the in a longer term.
In practice there are used a lot of quite simple analytical techniques that and analysts use during normal work. Often without naming it somehow. For such techniques, it is often enough just a system of “paper-pencil,” or general office equipment. They are based primarily on the experience of the person who uses them. There are also a number of specialized analytical techniques, which are overwhelmingly based on some mathematical model or which require certain equipment or tools.Regression analysis assumes that the dependent, or outcome, variable is directly affected by one or more independent variables. There are four important types of regression analyses:
Allows researchers to examine multiple direct and indirect causes of a dependent, or outcome, variable.
A path diagram is created that identifies the routes between the independent and dependent variables The paths can run directly from an independent variable to a dependent variable, or they can run indirectly from an independent variable, through an intermediary variable, to the dependent variable The entire model is tested to determine the relative importance of each causal pathway