A recent example of a dissertation based on forecasting research was work conducted to establish the viability of multiple regression analysis in supporting decisions to invest in plant and equipment in a large-scale processing industry.
This was a highly quantitative and mathematical piece of work which relied on a high degree of numerical sophistication as well as the ability to interpret the results in a way which was of value to management . The result of this work showed that the forecasting approach being studied did in fact contribute to the organisation’s ability to forecast their need for more investment.
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