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How Regression models are used for
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- d. If the director used these 4 weeks of data to create a linear regression, what does that linear regression formula suggest for this week's forecast of employee appointments? What does the regression analysis suggest in general about employee appointments for Director Very Busy?What is a linear regression model? What is measured by the coefficients ofa linear regression model? What is the ordinary least squares estimator?Write is details about the regression analysis?
- Hi this question may have been posted before do not know just looking for assistance and having difficulties, the question comes from my online discussion forum post (SCMG 305 Global demand management) Investigate the cause-and-effect relationships utilizing regression analysis, find one authoritative resource in the form of a U-tube video or Website that explains the use of regression analysis as a prediction model for forecasting. Try not to duplicate a resource already posted by another student. Insert a hyperlink for that resource so others may access it quickly. Finally, provide a quick short paragraph/summary explaining what you learned from the resource you provided strengthening your understanding of the use of regression analysis for forecasting.A company wants to use regression analysis to forecast the demand for the next quarter.In such a regression model, demand would be the independent variable. True or false?a. Trueb. FalseExplain why in every econometric model there must be an error term, explain its function.
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