Explain the difference between explanatory and prediction models.

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Statistics For Managers Using Microsoft Excel

ISBN: 9780135969854

9th Edition

Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat

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Question Posted: Feb 04, 2022 07:07 AM

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Explain the difference between explanatory and prediction models.

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Predictive models tend to be datadriven Explanatory models are retrospective Predictive m...View the full answer

Statistics For Managers Using Microsoft Excel

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