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 24, 2018, 6:26 pm ad1c9bdddf
When we are given the regression, the prediction should be possible with ...
This job offers assistance with predicting a future value. A regression for the purpose of predicting a future value is given.
Statistics: Company Effects of Rising Gas Prices
Imagine that you are a manager at a delivery service and you are creating a report to project the effects on your company of rising gas prices in the next ten years. Using the attached document as statistical analysis as your basis and outside scholarly resources to support your claims, Include the following considerations:
1. Introduce the project and its significance to the company.
2. Explain the statistical analysis that you completed in Part I. Be sure to explain where the data came from, what analysis was done, and what the results were.
3. Give conclusions that you have drawn from the data. Consider the effects of your gas price predictions on the delivery business. Also consider whether or not you believe your predicted gas prices are accurate. What could occur in the future that would change your linear regression line and therefore your prediction?