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Describe the fit of a regression equation to the data

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Reference no: EM131180218

1. What terms describe the fit of a regression equation to the data? When is this fit good enough?

2. Discuss with an example, how regression may be used at your workplace. Using Time Series to Analyze Business Trends

3. What type of data is best described using a Time Series? Think of an example from your work place or from your day to day experience.

4. Explain if this data becomes obsolete over time.

5. Provide an example of each component and how it might be used in business

Reference no: EM131180218

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