Question
Profit Forecasts Use the dataset PRODUCTANALYSIS to produce forecasts of profits. Select Order date for your time variable and Profit as your dependent variable. You
Profit Forecasts Use the dataset "PRODUCTANALYSIS" to produce forecasts of profits. Select "Order date" for your time variable and "Profit" as your dependent variable. You will need to select appropriate BY and Explanatory variables. You must compare at least three different types of models, at least one of which must be a hierarchical model (eg. nave, auto, hierarchical, combined hierarchical). Format: Brief Report Executive summary - one paragraph overview of full project including summary of results - 5 marks Methodology - discuss the process you will follow in variable and model selection, including how you will select the preferred model - 10 marks Results - discuss the process followed in model selection. Present and interpret the results of the chosen model and conduct at least one forecast override - 10 marks
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