1. Question :
If computing a causal linear regression model of Y = a + bX
and the resultant r2 is very near zero, then one would be able
to conclude that:
Y = a + bX is a good forecasting method.
Y = a + bX is not a good forecasting method
1. Question :
ABC Inc. must make a decision on its current capacity for next year. Estimated
profits (in $000s) based on next year's demand are shown in the table below.
Next Year's Demand
A multiple regression model has more than one independent variable. Propose a business
problem that would be best solved by multiple regression analysis. How would you
evaluate the quality of the multiple regression model?
Saint Leo University
Applied Decision Methods for Business
This course explores the use of applied quantitative techniques to aid in business-oriented decision
making. Emphasis is on problem identification and formulation with
Chapter 3 presents three types of decision-making environments. Give examples of
decisions from each decision-making environment that you have been involved with in your
Summarize and share with your classmates a Decision Analysis example t
To set up problem 5-31
Using QM for Windows, select Forecasting - Time Series and multiplicative decomposition. Then
specify Centered Moving Average. The users manual information regarding this program follows the
set up screen shots.
From the module menu