Using Linear Regression to Calculate Complex Factors

Nonfiction, Social & Cultural Studies, Social Science, Statistics
Cover of the book Using Linear Regression to Calculate Complex Factors by Homework Help Classof1, Classof1
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Homework Help Classof1 ISBN: 1230000120869
Publisher: Classof1 Publication: April 10, 2013
Imprint: Language: English
Author: Homework Help Classof1
ISBN: 1230000120869
Publisher: Classof1
Publication: April 10, 2013
Imprint:
Language: English

We have looked at break-even calculations, scatter plots for estimating demand information, and trends in revenue so far. In each of these, we simplified the analysis to a straight line. While this is useful, sometimes these data are more complex. They may be a curved line, or instead of only one item for the slope, such as variable costs, there may be several factors involved in the estimate. So demand, for example, may be based on price, convenience, or quality. How does a linear regression allow us to better estimate trends, costs, and other factors in complex situations?

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

We have looked at break-even calculations, scatter plots for estimating demand information, and trends in revenue so far. In each of these, we simplified the analysis to a straight line. While this is useful, sometimes these data are more complex. They may be a curved line, or instead of only one item for the slope, such as variable costs, there may be several factors involved in the estimate. So demand, for example, may be based on price, convenience, or quality. How does a linear regression allow us to better estimate trends, costs, and other factors in complex situations?

More books from Classof1

Cover of the book Analysis of Externality by Homework Help Classof1
Cover of the book Calculation of Optimum Combination of Consumption and Leisure by Homework Help Classof1
Cover of the book Financial Accounting Net Income by Homework Help Classof1
Cover of the book Determining Activity Cost by Homework Help Classof1
Cover of the book Application of Calculus – Related Rates. by Homework Help Classof1
Cover of the book Testing Equality of Two Means by Homework Help Classof1
Cover of the book Determination of Order Quantity by Homework Help Classof1
Cover of the book Simplifying Algebraic Expression by Homework Help Classof1
Cover of the book Hypothesis Testing and Confidence Interval for Mean using t Distribution by Homework Help Classof1
Cover of the book Inverse of a Matrix by Homework Help Classof1
Cover of the book Finding the Given Variables by Using Taylor Series Expansion. by Homework Help Classof1
Cover of the book Estimation of Before Tax Pricing by Homework Help Classof1
Cover of the book Algebraic Expansion and Finding the Missing Coefficient. by Homework Help Classof1
Cover of the book Finding the Local Maximum and Local Minimum. by Homework Help Classof1
Cover of the book Inorganic Chemistry Radioactive Isotopes by Homework Help Classof1
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy