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What is the difference between a causal model and a time series model?

What is the difference between a causal model and a time series model?

Week 6

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BUSN625 I002 Winter 2022 EG

Assignments Week 6

In an APA formatted Word document complete the following:

Why are forecasts important to organizations?

Explain the role of regression analysis in business decision-making. What are the important properties of regression coefficients? Distinguish between correlation and regression analysis. What is the difference between a causal model and a time series model?

The following are our company’s annual sales ($ million) data from 2015 to 2021. Use the trend equation to forecast sales for 2005.

 

Year 2015 2016 2017 2018 2019 2020 2021 Sales $000,000

16 17 25 28 32 43 50

 

 

In an APA formatted Word document complete the following:

Why are forecasts important to organizations?

Explain the role of regression analysis in business decision-making. What are the important properties of regression coefficients? Distinguish between correlation and regression analysis.

What is the difference between a causal model and a time series model?

The following are our company’s annual sales ($ million) data from 2015 to 2021. Use the trend equation to forecast sales for 2025.

 

Year 2015 2016 2017 2018 2019 2020 2021 Sales $000,000

16 17 25 28 32 43 50

 

 

 

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Due Date

Mar 20, 2022 11:59 PM

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dataset.xlsx (13.31 KB)

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NB

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Regards,

Custоmer Suppоrt

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