Define Forecasting and discuss its importance to business

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Reference no: EM133410271 , Length: word count:750

Task 1. Introduction

Write the assignment's objectives, the structure of the assignment, and the sequence of presenting your answer.

Task 2. Discussion

Task 2A. Discuss the "Probability Theory", its concepts, definition, and application. Use citation to address this question.

Task 2B. Define the Time Series Model and its components with definition. Afterwards, define regression analysis and discuss the concept of single and multiple regression and its applicability. Cite references for the above-mentioned statement. Lastly, prepare a regression problem and its solution and put your solutions in the appendix after the bibliography section.

Task 2C. Define Forecasting and discuss its importance to business/es.

Task 3. Conclusion.

Task 4. References and Formatting.

• Explain with suitable diagrams wherever required. Diagrams must be drawn using suitable software or by pencil.

• Each student has to do the assignment individually / Students have to do the assignment collaboratively and each student should write a brief reflection on their contribution and leanings from group work.

• You can refer books in E-Library or use Internet resource. But you should not cut and paste material from internet nor provide photocopied material from books. The assignment answers should be in your own words after understanding the matter from the above resources.

1. Total words count should be between 500-1000 words. Report should have the following:
/ Cover page, which indicates module title, names of students, nameof instructor and date of submission
/ Table of Contents, which includes heading, subheading and page numbers.
/ Introduction with objectives of the report, data sources, and report structure
/ Discussion, description, discussion, explanation and analysis of the questions
/ Conclusion that reveals main findings regarding the questions, with recommendation(s).
/ List of References using APA style of referencing (APA Th Edition); at least 5 references.
/ The student declaration form should be attached in the final copy.

2. The Assignment should be done in Word, font size 12, font style Times New Roman, text color black, colors can be used ONLY in appendices; main body of the report should be black and white.

Reference no: EM133410271

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len3410271

5/7/2023 10:14:20 PM

1-Introduction to probability theory, time series model and forecasting. 2- After each paragraph, the APA is extracted and written at the end of each paragraph (explanation is attached to the pictures).

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