Using historical data and regression analysis has its limitations in business forecasting. For example, a significant correlation between the independent and dependent variable does not ...

Using Linear Regression Because much economic data has cycles, multiple trends and non-linearity, simple linear regression is often inappropriate for time-series work, according to Yale University.

India is the largest producer of cotton in the world. For proper planning and designing of policies related to cotton, robust forecast of future production is utmost necessary. In this study, an ...