Question
We use regression models when we want to make predictions, but for forecasts, we should work with a forecasting model. Predictions are just a subclass
We use regression models when we want to make predictions, but for forecasts, we should work with a forecasting model. Predictions are just a subclass of forecasting. Hence, how would you describe the general utility of forecasting techniques compared to what regression analysis has to offer?
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Introduction To Management Science A Modeling And Cases Studies Approach With Spreadsheets
Authors: Frederick S. Hillier, Mark S. Hillier
5th Edition
978-0077825560, 78024064, 9780077498948, 007782556X, 77498941, 978-0078024061
