Linear regression in forecasting future conditions

Assignment Help Business Management
Reference no: EM131426591

Respond to one of the discussion questions below.

1. Most businesses use some form of linear regression in forecasting future conditions. Give an example of the use of regression analysis at your organization. What were the independent and dependent variables? How accurate were the estimates obtained from the regression analysis? Do you feel that this is a valid method of estimating the future?

2. A multiple regression model is one that has more than one independent variable. Propose a business problem that would be best solved by multiple regression analysis. How would you evaluate the quality of the multiple regression model?

3. Apply your knowledge of quantitative forecasting models by explaining which models would be most useful to your organization. How would it use the models, and how would it improve the quality of decisions made by the organization?

Reference no: EM131426591

Questions Cloud

Which philosophy would produce the most buy-in : Insist that all projects are reviewed for return on investment and the project scoring the highest is selected, even if it is the least-favored project.Which philosophy would produce the most buy-in, could be started the fastest, and could yield th..
Public policy and political science : What is the probability that the next State of the Union Address will be more than 90 minutes long?- What is the probability that the next two State of the Union Addresses will be less than 30 minutes long?
Green sourcing strategies in logistics design : Describe the role of "green" sourcing strategies in logistics design, and how an organization may be affected by this approach.
How does this affect the overall project duration : A check on the project at week 12 shows that activity F is running two weeks late, that activity J will now take six weeks and that the equipment for B will not arrive until week 18. How does this affect the overall project duration?
Linear regression in forecasting future conditions : Most businesses use some form of linear regression in forecasting future conditions. Give an example of the use of regression analysis at your organization. What were the independent and dependent variables? How accurate were the estimates obtaine..
How should leaders use power to drive ethical behavior : Describe where the sources of power and influence exist in your organization. How should leaders use power and influence to drive ethical behavior? Why is this important?
Show how to distinguish the output of BBS : Consider the variation on the Blum Blum Shub generator (mod n = pq). Show how to distinguish the output of BBS* from a truly random source, even without knowing L or n
What do you know about your clients code of conduct : What do you know about your client's code of conduct? What should be included that you have not already established? What standard policies could be incorporated for UWEAR and PALEDENIM that they can utilize?
What information is needed for successful project management : Project managers often say that their jobs consist of processing huge amounts of information, from supplier contacts through to customer delivery. What information is needed for successful project management?

Reviews

Write a Review

 

Business Management Questions & Answers

  Explain the difference between authorization and consents

Explain the purpose of the MPI and how to correct MPI errors. Provide at least 2 specific examples of MPI errors, their possible causes, and explain how you would correct them.

  Dentify a business need within your selected countries

Identify a business need within your selected countries, and select a product or service to meet this need. Evaluate global and local business opportunities for all stakeholder groups.

  Describe the feelings of tension

Describe the feelings of tension, ambivalence, or frustration that you experience in groups. What role do you typically take in groups?

  Describe the transactional and transformational leadership

Describe the transactional and transformational leadership styles and Explain why these leadership styles are relevant for sales organizations.

  Developing a strategic plan

Define and explain the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas.

  What are the benefits and the drawbacks

Write a paper that describes the differences between formal and informal research. What are the benefits and the drawbacks? Provide examples of when might you use each type of research. I need it at least 750 words. Need help due to no school book..

  Provide a rationale for each extra contractual motivator to

Analyze two (2) possible extra-contractual motivators that Boeing might consider when bidding on future military contracts.  Provide a rationale for each extra contractual motivator to support your response.

  Data validation and ensuring effective program

data validation and ensuring effective program managementwhy do you think data validation is important in ensuring

  Describe the evolution of total quality management

Using Feigenbaum's definition, focus on the key aspects and discuss how a customer may define quality for having a muffler put on his or her car. Be sure to discuss the key terms identified in the definition of quality. Describe the evolution of ..

  Why is strategy important to business

Why is strategy important to business? You will want to address the main components of the (three-tier process) of the strategic management process while discussing the importance of strategy for business.

  What is hypothesis testing.?

Define the Hypothesis Testing

  Strategic management process

Question 1 The goal of _____     is to balance the demand for greater profits while remaining environmentally sensitive Question 2 An example of external factors effecting an organization include Question 3 A  _____      manager is responsible for ov..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd