This course allows learners to explore Regression Models in order to utilise these models for business forecasting. Unlike Time Series Models, Regression Models are causal models, where we identify certain variables in our business that influence other variables. Regressions model this causality, and then we can use these models in order to forecast, and then plan for our business' needs. We will explore simple regression models, multiple regression models, dummy variable regressions, seasonal variable regressions, as well as autoregressions. Each of these are different forms of regression models, tailored to unique business scenarios, in order to forecast and generate business intelligence for organisations.
이 강좌에 대하여
귀하가 습득할 기술
- Microsoft Excel
- Business Forecasting
- regression models
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강의 계획표 - 이 강좌에서 배울 내용
Welcome and Critical Information
Regression Models
In this module, we explore the context and purpose of business forecasting and the three types of business forecasting using regression models. We will learn the theoretical underpinning for a regression model, and understand the relationship between explanatory variables and dependent variables. We will first focus on single variable or simple regression, and learn how to critically evaluate the model using regression diagnostic tools and then use our models for forecasting to suit our organisation's needs.
Multiple Variable Regression
In this module, we extend the simple regression model to take in multiple explanatory variables. We will extend the theoretical underpinning for a regression model by involving multiple dependent variables. We will learn how to critically evaluate the multiple regression models using regression diagnostic tools and then use our models for forecasting to suit our organisation's needs.
Dummy Variable Regression
In this module, we extend the multiple regression model to take in qualitative binary explanatory variables. We will extend the theoretical underpinning for a multiple regression model by creating dummy variables for binary qualitative data. We will learn how to critically evaluate the dummy variable regression models using regression diagnostic tools and then use our models for forecasting to suit our organisation's needs.
Seasonal Dummy Regression
In this module, we extend the binary dummary variable regression model to take in seasonal variables. We will extend the theoretical underpinning for a binary dummy variable regression model by creating a series of dummy variables to capture seasonality. We will learn how to critically evaluate the seasonal dummy regression models using regression diagnostic tools and then use our models for forecasting to suit our organisation's needs.
검토
- 5 stars97.72%
- 4 stars2.27%
EXCEL REGRESSION MODELS FOR BUSINESS FORECASTING의 최상위 리뷰
I never new I'd like regression, thanks to Dr Prashan! His skills in teaching is very clear and concise. The lessons are easy to follow. Perfect for beginners.
Learning this course was fantastic, it really improved my knowledge for excel and regression
A step-by-step guide for business forecasting! Very easy to follow and the course brush up my statistics on linear regression as well.
The lecturer did great demonstrating how equation looks like on business application.
Excel Skills for Business Forecasting 특화 과정 정보
The current state of the world makes business forecasting even more fundamental to the operation of institutions. In this Specialization we focus on Excel Skills for Business Forecasting in three courses — Time Series Models, Regression Models, and Judgmental Forecasting.

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