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Week 6

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BUSN625 I002 Winter 2022 EG

Assignments Week 6

In an APA formatted Word document complete the following:

Why are forecasts important to organizations?

Explain the role of regression analysis in business decision-making. What are the
important properties of regression coefficients? Distinguish between correlation and
regression analysis.
What is the difference between a causal model and a time series model?

The following are our company’s annual sales ($ million) data from 2015 to 2021. Use the trend
equation to forecast sales for 2005.

Year 2015 2016 2017 2018 2019 2020 2021
Sales
$000,000

16 17 25 28 32 43 50

In an APA formatted Word document complete the following:

Why are forecasts important to organizations?

Explain the role of regression analysis in business decision-making. What are the important properties
of regression coefficients? Distinguish between correlation and regression analysis.

What is the difference between a causal model and a time series model?

The following are our company’s annual sales ($ million) data from 2015 to 2021. Use the trend
equation to forecast sales for 2025.

Year 2015 2016 2017 2018 2019 2020 2021
Sales
$000,000

16 17 25 28 32 43 50

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Due Date

Mar 20, 2022 11:59 PM

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dataset.xlsx (13.31 KB)

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