TAKING DECISION BASED ON THE REGRESSION MODEL USING EXCEL 2016

Ana-Maria Mihaela Iordache ()
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Ana-Maria Mihaela Iordache: Romanian-American University, Bucharest, Romania

Journal of Information Systems & Operations Management, 2018, vol. 12, issue 2, 391-399

Abstract: The management decision is represented by the process of choosing a line of action in order to achieve goals, the application of which affects the activity of at least one other person than the decision-maker. The decision making and the possibilities of assisting it depend on the context in which this process takes place and on the typology of decisions. This paper discusses how to make a decision about the choice of the linear regression model. The case study is focused on the observations made on a production company for a period of 30 years. At the end of the study the regression model was chosen in such a way that maximizes the possibility of making the right decision on the production plan over the following periods.

Date: 2018
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http://www.rebe.rau.ro/RePEc/rau/jisomg/Wi18/JISOM-WI18-A15.pdf (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:rau:jisomg:v:12:y:2018:i:2:p:391-399

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