Question: Describing Your Dependent Variable Indicate here the dependent variable ( a product sales or prices ) that your team has selected to forecast by multiple
Describing Your Dependent Variable
Indicate here the dependent variable a product sales or prices that your team has selected to forecast by multiple regression analysis. Have you collected any data? Is it in weeks, months, quarters, years? How many periods have you collected so far?
Describing Your Independent Variables
Indicate here the various independent variables population size, population income, Consumer Price Index or CPI, advertising expenses, temperatures, prices of competitors' product, unemployment, etc. their data frequency weeks months, quarters, years and number of periods that your team has collected so far that will be utilized as predictors of the dependent variable in the project's regression model that your team will build.
Future values of these independent variables will be forecast by MA WMA, or SE moving averages, weighted moving averages, exponential smoothing before those values are plugged in the regression model of your project to forecast the dependent variable.
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