Data Forecasting Using Simple Linear Regression Model

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  Overall, our multiple regression appears to be a better tool for accurate forecasting than the simple regression. Time Series Analysis All business data are either cross section data or time series data.

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  For your understanding, I have also included the output of Regression Model in the next spreadhseet. This is not really required but regression approach usually leads to a better estimate than just a simple linear trend estimate.

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  Using the data in the Excel file Student Grades, construct a scatter chart for midterm versus final exam grades and add a linear trendline. What is the regression model and R2?

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  A Linear Regression equation was obtained using the client's data. The Linear Regression equation was then used to forecast the sales for Year 2.