Question
use an econometric model (regression analysis) and a separate forecasting technique (such as moving average or exponential smoothing) for sales forecast. Results of the regression
use an econometric model (regression analysis) and a separate forecasting technique (such as moving average or exponential smoothing) for sales forecast.
Results of the regression analysis must include:
1. An executive summary of the outcomes.
2. Information supporting the choice of the variables, including the socio-economic variables (i.e., justification for model specification).
3. Detail concerning the model development and data acquired.
4. Estimation of the regression model.
5. Test for statistical significance of estimated coefficients
6.Interpretation of the results with implications to business policy, and
7.Estimation and interpretation of the elasticities and the implication to pricing strategy.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started