One way to overcome the major restriction of linear regression forecasting is to?

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06-09-2022
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One way to overcome the major restriction of linear regression forecasting is to?

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Baraka1 Baraka1 · Answer 1 · 2022-09-14T08:52:06-04:00

One way to overcome the major restriction of linear regression forecasting is to Use a shorter period of history to prepare the forecast.

Linear regression is useful for producing forecasts for strategic planning. However, a major restriction in using linear regression forecasting is, as the name implies, that past data and future projections are assumed to fall about a straight line therefore, a shorter period of history to prepare the forecast should be used.

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