Linear regression in forecasting future conditions

Assignment Help Business Management
Reference no: EM131415015

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: EM131415015

Questions Cloud

The equal credit opportunity act : Jane Thomas applies for automobile financing at Kenwood Cars, Inc., a used-car dealership. The dealership obtains a credit report on her. On the basis of this report, the dealership denies her credit. The manager informs her that she will have to get..
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.
Why does the data-information-knowledge continuum : Why does the data-information-knowledge continuum depend on structured data? What is the primary source of structured data? In what component of the EHR is structured data processed to provide information? In what component of the EHR is information ..
Decomposition and smoothing methods : In general, compare and contrast the two forecasting techniques approaches (decomposition and smoothing methods). How are they similar? How are they different? Which do you think would be more readily accepted in practice? Explain with examples
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..
Choose five partnerships to engaged : For your health promotion program, you have decided to establish a community coalition to address continuing needs and issues relating to your specific health issue. Develop and name your coalition and identify who in the community, other than hea..
Aflac has been an award-winning campaign for years : Mini-Case Analysis: Aflac has been an award-winning campaign for years. How important do you think the "voice of the brand" is? Why not have multiple quacking ducks?
Calculate the option premium for each contract : Write down the meaning behind each symbol you put to the list - calculate the option premium for each contract and calcuate the instrinsic value, time value for each contract
Discuss fitbits differentiation strategy : Evaluate the FITBIT's environment using PESTEL elements.- Discuss FITBIT's differentiation strategy.- Describe FITBIT's positioning strategy in comparison to its competitors.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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