Regression for predicting a future value

Reference no: EM1376376

We have three variables
X Y Z

X = F (Y, Z)

Information is 2000-2005. I use OLS to Determine the model and get a standard result.
for arguments sake I'll say it is X=3.00 -5.00Y +250Z

I want to be able to predict the value of X with what I expect the values of both Y and Z to be in the year 2006. I expect Y to be 50 in 2006, and likewise expect Z to be 25 in 2006.

Reference no: EM1376376

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