[SOLVED] The role of regression analysis in business decision-making
In an APA formatted Word document complete the following:
Why are forecasts important to organizations?
Explain the role of regression analysis in business decision-making. What are the important properties of regression coefficients? Distinguish between correlation and regression analysis.
What is the difference between a causal model and a time series model?
The following are our company’s annual sales ($ million) data from 2015 to 2021. Use the trend equation to forecast sales for 2025.
Year 2015. 2016. 2017. 2018. 2019. 2020. 2021
Sales
$000,000. 16. 17. 25. 28. 32. 43. 50
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