Describe the Nonlinear and Multiple Regression Analysis?
Chapter6: Target Markets: Segmentation And Evaluation
Section: Chapter Questions
Problem 17DRQ: Under what conditions might a firm use multiple forecasting methods?
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Describe the Nonlinear and Multiple Regression Analysis?
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Non-linear Regression
In the non-linear regression, method data is fit to a model and then it is represented as a mathematical function. It is generally a curve in which the values of Y are random variables. The main objective of the non-linear regression model is to minimize the sum of squares as small as possible. It can represent a prediction of the growth of the population over time.
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