Explore BrainMass

using a regression for the purpose of predicting a future value

We have 3 variables

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.

Solution Preview

When we are given the regression, the prediction should be possible with ...

Solution Summary

This job offers assistance with predicting a future value.