using a regression for the purpose of predicting a future value
Not what you're looking for?
We have 3 variables
X Y Z
X = F (Y, Z)
Data is 2000-2005. I use OLS to Estimate the model and get a standard result..
for arguments sake I'll say it is X=3.00 -5.00Y +250Z
I want to be able to predict the value of X with what I expect the values of both Y and Z to be in the year 2006. I expect Y to be 50 in 2006, and likewise expect Z to be 25 in 2006.
Purchase this Solution
Solution Summary
This job offers assistance with predicting a future value. A regression for the purpose of predicting a future value is given.
Solution Preview
When we are given the regression, the prediction should be possible with ...
Purchase this Solution
Free BrainMass Quizzes
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.