Although nobody can really look into the
future, modern statistical methods, econometric models and
business intelligence software go a long way in helping businesses
forecast and estimate what is going to happen in the future.
The Dynamic Regression model is
similar to Regression Analysis,
but it is believed to produce more realistic results because it emphasizes
the ripple effects the input variables can have on the dependent variable.
For example, a price change made today might effect sales volumes in a
variety of ways for many future periods.
Regression Analysis |
Exponential Smoothing |
Book: Jeffrey Wooldridge - Introductory Econometrics: A Modern Approach -
Book: Russell Davidson, James G. Mackinnon - Econometric Theory and
Book: Alan Pankratz - Forecasting with Dynamic Regression Models -
More management models