Improve Forecast Accuracy, Eliminate Excess Inventory, & Maximize Service Levels
In this video tutorial Dr. Thomas Willemain, co–Founder and SVP Research at Smart Software, presents Regression Analysis, a specialized statistical modeling technique to identify and harness leading indicators to achieve more accurate forecasts. Regression analysis is a statistical procedure to estimate the relationship between a response variable and one or more predictor variables. Housing starts, for example, might be a good leading indicator of vinyl siding demand. Tom explains how and when to use regression analysis and works through a practical example.
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