Question: Solve and explain how to enter in excel Regression Forecasting with Causal Variables 4. Bonus question (20 points) Data in the Excel file/Microprocessor Data shows

Regression Forecasting with Causal Variables 4. Bonus question (20 points) Data in the Excel file/Microprocessor Data shows the demand for one type of chip used in industrial equipment from a small manufacturer. a. Construct a chart of the data. What appears to happen when a new chip is introduced? b. Develop a causal regression model to forecast demand that includes both time and the introduction of a new chip as explanatory variables. Microprocessor Data
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
