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    using a regression for the purpose of predicting a future value

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    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.

    © BrainMass Inc. brainmass.com October 9, 2019, 4:46 pm ad1c9bdddf
    https://brainmass.com/economics/regression/regression-purpose-predicting--future-value-40880

    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. A regression for the purpose of predicting a future value is given.

    $2.19