EAN: 9783319711553

APPLIED REGRESSION ANALYSIS FOR BUSINESS - JACE...

This book offers hands-on statistical tools for business professionals by focusing on the
practical application of a single-equation regression. The authors discuss commonly applied
econometric procedures  which are useful in building regression models for economic forecasting
and supporting business decisions. A significant part of the book is devoted to traps and
pitfalls in implementing regression analysis in real-world scenarios. The book consists of nine
chapters  the final two of which are fully devoted to case studies.Today's business environment
is characterised by a huge amount of economic data. Making successful business decisions under
such data-abundant conditions requires objective analytical tools  which can help to identify
and quantify multiple relationships between dozens of economic variables. Single-equation
regression analysis  which is discussed in this book  is one such tool. The book offers a
valuable guide and is relevant in various areas of economic and business analysis  including
marketing  financial and operational management.

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