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Imagine this: you are provided with a whole lot of different data and are asked to predict next year's sales numbers for your company. You
Imagine this: you are provided with a whole lot of different data and are asked to predict
next year's sales numbers for your company. You have discovered dozens, perhaps
even hundreds, of factors that can possibly affect the numbers. But how do you know
which ones are really important? Run regression analysis in Excel. It will give you an
answer to this and many more questions: Which factors matter and which can be
ignored? How closely are these factors related to each other? And how certain can you
be about the predictions?Imagine this: you are provided with a whole lot of different data and are asked to predict
next year's sales numbers for your company. You have discovered dozens, perhaps
even hundreds, of factors that can possibly affect the numbers. But how do you know
which ones are really important? Run regression analysis in Excel. It will give you an
answer to this and many more questions: Which factors matter and which can be
ignored? How closely are these factors related to each other? And how certain can you
be about the predictions?
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