Using Linear Regression to Calculate Complex Factors

Using Linear Regression to Calculate Complex Factors

ByHomework Help Classof1

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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?

Details

Publication Date
Apr 11, 2013
Language
English
Category
Education & Language
Copyright
All Rights Reserved - Standard Copyright License
Contributors
By (author): Homework Help Classof1

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PDF

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