The second part of a detailed examination of multivariate correlation of several axle assembly and component parameters to the assembly NVH performance (vibration) measured at the end of the assembly process is presented focusing on the multivariate linear regression analysis. The study is based on test results and measurements acquired from multiple axle assemblies built with the same hypoid gearset, thus effectively eliminating the affect of gearset variation on the test result. Several major components within the axle are considered including the differential housing (that controls wheel differentiation during turns), the axle housing, and several assembly parameters. Details of the multivariate regression include formulation of the linear regression model, model refinements through analysis of subsets of the variables, tests of significance and residual analysis. The first part of this work presented the analysis preparing the data for the regression analysis including checks for normality, checks for outliers and transformations.