Reference no: EM133285519

Question

Since the current project for the organization has some important decisions to make regarding business alternatives based on your data analytics, you have decided to submit a paragraph or two to summarize what they need to understand regarding the utilization of time series analysis along with the importance of forecasting and regression. First, you will explain the importance of using time series as a form of analysis important to a business. You will describe how it is utilized and why it is a time series plot is beneficial. Your staff will need to understand exponential smoothing in analyzing and predicting for the future. Finally, your staff will need to understand how regression can be used to forecast an event.