1970
DOI: 10.1108/eum0000000005189
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Building and operating a forecasting model: the regression analysis approach

Abstract: Describes a procedure of constructing a model using the regression equation approach and states there are many pitfalls that the innocent forecaster must look out for, if he/she is to construct a successful forecasting model using the regression analysis approach. Proposes that models for sales forecasting may be divided into two categories – naïve and econometric, but that these approaches to forecasting are not always independent. Posits that development of a forecasting model may involve both the naïve and … Show more

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Cited by 6 publications
(3 citation statements)
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“…It can be used to predict the NPA of a given bank on the basis of the independent variables [10] [11]. The MLR model is: There can be a case of multicollinearity in this kind of situation.…”
Section: Mlr Analysis (Linear Stepwise and Logarithmic) And Results mentioning
confidence: 99%
“…It can be used to predict the NPA of a given bank on the basis of the independent variables [10] [11]. The MLR model is: There can be a case of multicollinearity in this kind of situation.…”
Section: Mlr Analysis (Linear Stepwise and Logarithmic) And Results mentioning
confidence: 99%
“…The statistical technique used was multiple regression analysis as "it is a strong statistical analysis that examines the relationship between two or more variables dependent and independent. It tests the effect of one or more independent variables on a dependent variable" (Hirst, 1970). Analysis software used for this research was IBM SPSS version 23.…”
Section: Data Collecting Instrument and Analysis Techniquesmentioning
confidence: 99%
“…A command of building a linear regression model was requested to construct a prediction model that best fit the entire data points. The attained model was used to validate and verify the output results of the original system [1].…”
Section: Three Main Factors Modelingmentioning
confidence: 99%