Mathematics
7 years ago

Multivariate Regression Unlocks Powerful Forecasting, Transforming Decision-Making Across Industries.

Journal of Computer Science and Information Technology
Multivariate Regression: A Very Powerful Forecasting Method
Athanasios Vasilopoulos

Paper Summary

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Multivariate regression is a powerful method for forecasting future outcomes. The article explains how to use regression analysis step-by-step to create forecasting equations for both linear and multivariate cases. It shows that linear regression is a special case of the multivariate problem. The article also discusses how to test the model for statistical significance and how to obtain the final regression equation for forecasting. A comparison between a hand solution and a MINITAB-derived solution is used to validate the statistical tool for larger problems.