Ba4101 Statistics For Management Notes Pdf Online

Business planning requires looking into the future. Time series analysis helps identify trends, seasonal patterns, and cyclical fluctuations. Techniques Smoothing out short-term fluctuations. Exponential Smoothing: Weighting recent data more heavily.

Used for "yes/no" or "success/failure" scenarios. ba4101 statistics for management notes pdf

Predicts the value of a dependent variable based on independent variables. Coefficient of Determination ( R2cap R squared ): How well the data fits the regression model. Time Series and Forecasting Business planning requires looking into the future