Several assumptionsconditions need to be satisfied in order, Ask an Expert

Management Studies

Several assumptions/conditions need to be satisfied in order to use a simple linear regression model. One might think that this added level of complexity would make regression analysis less likely to be used in practice.

On the contrary, it is widely used by management.

Why do you suppose this is the case? What advantages does simple linear regression have over the other forecasting methods so far?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92787699

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 the demands of company as t-shirts are equally likely

1. The demands of Company A's T-shirts are equally likely between 40 and 70 shirts. Each shirt costs $3.50 and is sold at $5.00. Due to its new symposium logo, it sells at $2.50 after the symposium and only one order is ...

Electronics source agency ltd was a manufacturersrsquo

Electronics Source Agency Ltd. was a manufacturers’ sales representative that operated branch offices in most major population centers across Canada. In 1995, the corporation hired Felix as its senior Sale Manager for a ...

Torrance refinery produces approximately 203 million

Torrance Refinery produces approximately 20.3 Million barrels of gasoline per year. A California distributor sources its gasoline from the Torrance refinery. The annual demand for gasoline at the California distributor i ...

1 identify and list in order of criticality the key issues

1. Identify and list in order of criticality the key issues facing strategic decision makers of the firm Polaris & Victory. 2. Analyze the Polaris & Victory firm’s value chain and compare the key activities it performs d ...

1 to critically analyze and discuss four different policies

1. To critically analyze and discuss FOUR different policies with each of the four determinants of national competitive advantage that will attract Multinational Corporations (MNCs) and protect domestic firms in your cou ...

Ldquousing power to play organizations politics can improve

“Using power to play organizations politics can improve the quality of decision making” is a statement that many leaders would support. Do you agree or disagree with this statement? Give your conclusions after explaining ...

Professional publication manuscript instructionsusing the

PROFESSIONAL PUBLICATION MANUSCRIPT INSTRUCTIONS Using the research topic of personal interest that you identified in Discussion Board Forum, you will develop a complete manuscript for possible submission for publication ...

Some in the hotel industry believe too heavy a reliance on

Some in the hotel industry believe too heavy a reliance on the STAR report to evaluate a hotels's sales effort has a negative effect. Others defend the STAR as the only independent way to evaluate a sales staff's effecti ...

A few years ago mark and phil thought it would be fun to

A few years ago Mark and Phil thought it would be fun to work together on a piece of research. They also hoped it would benefit their continuing development as researchers. Mark’s research background (strength) has its o ...

Ethical considerationsa major computer parts manufacturer

Ethical Considerations A major computer parts manufacturer has decided to open a plant in a medium-sized city in the southeast that has been especially hard hit with job losses in the textile field. The new company will ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert