Detailed Description of Regression Analysis and Forecasting 1.0

The Excel Multiple Regression Analysis and Forecasting template provides a basis for identifying value drivers and relationships within multiple data series to provide a statistically sound forecasting solution. The Excel template employs a set of recognized statistical measures to ensure validity of the regression analysis. Regression results are summarized in explanatory text to facilitate interpretation. When causal relationships have been identified, A forecasting tool based on several tested methodologies can be utilized when satisfactory causal relationships have been identified from the analysis.

Key features of the Excel Multiple Regression Analysis and Forecasting template include:
* An intuitive workflow with minimal input requirement enables strong forecasts to be developed in a timely manner.
* User friendly regression analysis results are displayed and explained for the 'Non-statistician'.
* The regression output analysis presents both multiple and individual regression statistics for each independent.
* Tests for statistical significance, autocorrelation and multicollinearity are calculated, displayed and explained.
* The forecasting process is simplified with options to employ 3rd polynomial, 2nd polynomial, exponential or linear trend lines on independent variables based on calculated strength, or to leave them blank to accommodate alternative assumptions and data.

TAGS OF REGRESSION ANALYSIS AND FORECASTING

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