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Forecasting Using the Simple Linear Regression Model and Correlation

Forecasting Using the Simple Linear Regression Model and Correlation. What is a forecast?. Using a statistical method on past data to predict the future. Using experience, judgment and surveys to predict the future . Why forecast?. to enhance planning. to force thinking about the future.

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677 views • 45 slides

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458 views • 36 slides

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Variable independent - PowerPoint PPT Presentation

Forecasting Using the Simple Linear Regression Model and Correlation