Linear regression in forecasting future conditions

Assignment Help Business Management
Reference no: EM131426591

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: EM131426591

Questions Cloud

Which philosophy would produce the most buy-in : Insist that all projects are reviewed for return on investment and the project scoring the highest is selected, even if it is the least-favored project.Which philosophy would produce the most buy-in, could be started the fastest, and could yield th..
Public policy and political science : What is the probability that the next State of the Union Address will be more than 90 minutes long?- What is the probability that the next two State of the Union Addresses will be less than 30 minutes long?
Green 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.
How does this affect the overall project duration : A check on the project at week 12 shows that activity F is running two weeks late, that activity J will now take six weeks and that the equipment for B will not arrive until week 18. How does this affect the overall project duration?
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..
How should leaders use power to drive ethical behavior : Describe where the sources of power and influence exist in your organization. How should leaders use power and influence to drive ethical behavior? Why is this important?
Show how to distinguish the output of BBS : Consider the variation on the Blum Blum Shub generator (mod n = pq). Show how to distinguish the output of BBS* from a truly random source, even without knowing L or n
What do you know about your clients code of conduct : What do you know about your client's code of conduct? What should be included that you have not already established? What standard policies could be incorporated for UWEAR and PALEDENIM that they can utilize?
What information is needed for successful project management : Project managers often say that their jobs consist of processing huge amounts of information, from supplier contacts through to customer delivery. What information is needed for successful project management?

Reviews

Write a Review

Business Management Questions & Answers

  Series of topics posed by the instructor

You will prepare and submit a number of short papers on a series of topics posed by the instructor. These papers will provide an opportunity to respond to an issue drawn from the reading for the module. Choose a position on the issue and defend yo..

  Innovatiive recruting processes

Cover a workplace problem or case study for the topic Innovatiive Recruting Processes. Analyzing the problem, identifying the cause of the problem, describing alternative solutions, and evaluating them for their advantages and disadvantages to ..

  How does lockheed measure success with respect to ethics

How does Lockheed measure success with respect to ethics in the workplace? What are some of the things Lockheed does at the operational level to make their ethics program work?

  Identify one balancing loop and one reinforcing loop

Identify one Balancing Loop and one Reinforcing Loop. These feedback loops should be critical to Whole Foods Market's performance and success. You should have a good idea of what these are from your previous analysis.

  Illustrate what should sears do if the market pricing data

Illustrate what should Sears do if the market pricing data for a specific job goes down from the previous year? Explain your answer.

  Leadership and organization behaviour- defensive cultural

This is for a leadership and organization behaviour class- One of the factors that promote Passive or Defensive Cultural Norms, which comprise avoidance at the worker level is goal setting.

  Has internet changed the way consumers think and behave

BUSN410 - Has the Internet changed the way consumers think and behave? What are the benefits? What are the pitfalls? Support your position with credible references

  Relevant cost and revenue for decision making

Prepare an analysis of total and unit differential costs if the annual volume is 20,000 unit

  Summarize threats from the external environmental scan

Your SWOT analysis should summarize the opportunities and threats from the external environmental scan with the strengths and weaknesses from your organizational assessment or internal environmental scan.

  Discuss impact of this integration model on overallattitudes

Discuss the impact of this integration model on the overallattitudes, values and behaviours of the remaining XYZ staff members.

  Leadership to centralize the power and decision making

Should the leadership try to centralize the power and decision making or decentralize the operation?

  Explain how the cited work relates to your given explanation

How the cited work relates to the other 4 works you researched. How the cited work relates to your above explanation AND how it relates specifically to the content of the assigned module/week.

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