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What are the effective methods used for prediction of sales (sales trends) such as linear regrression?

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Question added by T Narayana Das , CHIEF ACCOUNTANT , M/S SURTEC MIDDLE EAST LLC
Date Posted: 2013/10/01
Fady Nicola
by Fady Nicola , Service Manager , Kuwait Oil Company

When you think of regression, think prediction. A regression uses the historical relationship between an independent and a dependent variable to predict the future values of the dependent variable. Businesses use regression to predict such things as future sales, stock prices, currency exchange rates, and productivity gains resulting from a training program

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