Explore BrainMass

Explore BrainMass

    Regression analysis - sources and forecasting

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    What are examples in which regression analysis is used for forecasting?
    What are some primary and secondary sources of data that may be used in correlation and regression analysis?

    © BrainMass Inc. brainmass.com June 3, 2020, 7:01 pm ad1c9bdddf
    https://brainmass.com/statistics/regression-analysis/regression-analysis-sources-and-forecasting-83376

    Solution Preview

    Suppose we want to use the personal income to help us forecast auto-sales. Personal income is considered as a predictor of auto-sales, as the more income consumers have to spend, the more money they will tend to spend on automobiles. On the other hand, auto-sales is a strongly seasonal variable, whereas personal income is not. An ...

    Solution Summary

    An explanation as to the sources of data for regressions and how it can be used for forecasting

    $2.19

    ADVERTISEMENT