It can be highly beneficial for companies to develop a forecast of the future values of some important metrics, such as demand for its product or variables that describe the economic climate. There ...

Now that you've got a good sense of how to "speak" R, let's use it with linear regression to make distinctive predictions. The R system has three components: a scripting language, an interactive ...

This paper deals with short-term load forecasting for energy management systems in small and middle-sized buildings. Unlike existing studies that focus on the forecasting accuracy, this study examined ...

Business forecasting is essential for the survival for companies of all sizes. The building block used by forecasters is historical data or the past performance of the business to predict future ...

Linear regression is a powerful and long-established statistical tool that is commonly used across applied sciences, economics and many other fields. Linear regression considers the relationship ...

“The statistician knows...that in nature there never was a normal distribution, there never was a straight line, yet with normal and linear assumptions, known to be false, he can often derive results ...