Do you want to build causal factors such as prices, promotions and economic indicators into your forecasts? Business Forecast Systems has announced a free webinar on what you need to know to use dynamic regression models for forecasting.
While dynamic regression models are appealing for their ability to incorporate the impact of explanatory variables such as these, many business forecasters shy away from using this powerful technique out of fear that building regression models is complex and difficult.
This free session will demystify regression modeling, demonstrating how these models can provide insight into your data and why they often yield more accurate results than alternative forecasting methods.
Using real world examples, Eric Stellwagen, Vice President of Business Forecast Systems, will take you though the ins and outs of regression forecasting. In this educational one-hour live Webinar, you will learn:
• When to apply regression models
• How to build and diagnose the models
• How to use leading indicators, lagged variables, Cochrane-Orcutt terms and “dummy” variables.
• Best practices for applying regression models
The webinar is tue, Nov 16, 2010 2:00 PM – 3:00 PM EST