Buy custom Demand Equation for Natural Gas Usage
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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1596 |
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These are all important factors in the short-term determination of natural gas demand. For our case purposes, we will be using only daily high and low temperatures as independent variables and apply regression analysis to data to determine a relationship between temperature and daily usage
Regression Analysis
Regression analysis is a powerful statistical technique that describes the way in which one important economic variable is related to one or more other economic variables...
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Although there are clear limitations to the technique, regression analysis is often used to provide successful managers with valuable insight concerning a variety of significant economic relations. A statistical relation exists between two economic variables if the average of one is related to another...
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