You have been hired by ABC company to predict how an investment of one million dollars into
Question:
You have been hired by ABC company to predict how an investment of one million dollars into advertising a new product will produce profit for the company.
By using a graphic organizer of your choice, create a visual graphic to compare and contrast between the use of simple linear and predictive regression in forecasting market demand for a product.
Use a real-life example to illustrate the process of validation of a regression.
Provide at least one response to a peer’s discussion post.
Tips on Designing a Graphic Organizer
graphic organizer, also known as a knowledge map, concept map, story map, cognitive organizer, advance organizer, or concept diagram is a tool that uses visual symbols to express knowledge and concepts through relationships between them.The main purpose of a graphic organizer is to provide a visual aid to facilitate learning.