From the marketing management perspective discuss

Assignment Help Finance Basics

Reference no: EM13619829

Regression is one of the most widely used statistical techniques. In business, it is often used within the realm of what is known as predictive analytics-estimating the use of statistical techniques to estimate the likelihood or magnitude of future outcomes of interest. However, regression is also an explanatory tool because the regression model explains the variability in dependent variables with the help of one or more independent variables.

From the marketing management perspective, discuss regression as an explanatory and a predictive tool. What are the major differences between an explanatory and a predictive tool? In terms of the goodness of fit, what is the most important indicator of regression as an explanatory tool and as a predictive taool?

Reference no: EM13619829

Questions Cloud

Health insurance in america was forever changed by the : select one of the major u.s. government programs for funding of health care services and explain the scope and role of

A slingshot fires a pebble from the top of a building at a : a slingshot fires a pebble from the top of a building at a speed of 11.1 ms. the building is 30.5 m tall. ignoring air

Lang industrial systems company lisc is trying to decide : lang industrial systems company lisc is trying to decide between two different conveyor belt systems. system a costs

A 160-mw helium-neon laser emits a beam of circular cross : a 16.0-mw helium-neon laser emits a beam of circular cross section with a diameter of 2.85 mm.a find the maximum

From the marketing management perspective discuss : regression is one of the most widely used statistical techniques. in business it is often used within the realm of what

Describe the mechanical properties of strength as an : describe the mechanical properties of strength as an example lets choose a metal cutting file as it relates to

A rescue helicopter lifts a 70-kg person straight up by : a rescue helicopter lifts a 70-kg person straight up by means of a cable. the person has an upward acceleration of 0.70

If the surface temperature of the channel is maintained at : a channel of square shaped cross section30mm by 30mm carries water at a rate of m 2kgs. the channel length is l 10m

An object undergoing parabolic motion travels 125 m in the : an object undergoing parabolic motion travels 125 m in the horizontal direction before returning to its initial height.

User Account

All Pages