It can be highly beneficial for companies to develop a forecast of the future values of some important metrics, such as demand for its product or variables that describe the economic climate. There ...

Linear regression remains a cornerstone of statistical analysis, offering a framework for modelling relationships between a dependent variable and one or more independent predictors. Over the past ...

“The statistician knows...that in nature there never was a normal distribution, there never was a straight line, yet with normal and linear assumptions, known to be false, he can often derive results ...

This article develops five regression models to estimate pipeline construction component costs for different types of pipelines in different regions. Researchers have long used historical pipeline ...

The only thing worse that having to pay expenses each month is not knowing how much you are going to have to write the check for. Being able to estimate business costs accurately can help you plan for ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...