Week 6
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BUSN625 I002 Winter 2022 EG
Assignments Week 6
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 2005.
Year 2015 2016 2017 2018 2019 2020 2021 Sales $000,000
16 17 25 28 32 43 50
In an APA formatted Word document complete the following:
Why are forecasts important to organizations?
Explain the role of regression analysis in business decision-making. What are the important properties of regression coefficients? Distinguish between correlation and regression analysis.
What is the difference between a causal model and a time series model?
The following are our company’s annual sales ($ 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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Due Date
Mar 20, 2022 11:59 PM
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dataset.xlsx (13.31 KB)
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https://myclassroom.apus.edu/d2l/common/viewFile.d2lfile/Database/MzQzODg4MQ/dataset.xlsx?ou=52563
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