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Using Excel to Solve Business Problems - AI …
Curtis Seare Copyright: Vault Analytics July 2010 Using Excel to Solve Business Problems : Simple Predictive Analytics 2 | Page Contents Section I: Background Information Why use Predictive Analytics? How to use this Guide Analysis Fundamentals Method for Creating Predictive Models Section II: Predictive Models How to Choose an Appropriate Model Regression Correlation Linear Regression Multivariate Exponential Regression Logarithmic Regression Polynomial Regression Time Series Logistic Regression ANOVA t-Test 1 Way ANOVA 2 Way ANOVA Chi-Square 3 | Page Why Use Predictive Analytics? Strategy Development Predictive analytics is an indispensible tool for strategy development. In any good strategy, there are three elements: a set of assumptions, a set of actions that need to be taken, and a set of desired outcomes. The outcomes are achieved as a result of the actions being executed and the assumptions being true. In essence, we say: Assuming A is true, if we do B we will achieve C.
3 | Page Why Use Predictive Analytics? Strategy Development Predictive analytics is an indispensible tool for strategy development. In any good strategy,
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