If we fit a linear trend to data that are growing exponentially, will thethe forecasts, if extrapolated, be too high

Linear least squares regression is by far the most widely used modeling method. It is what most people mean when they say they have used "regression", "linear regression" or "least squares" to fit a model to their data. [ [ Not only is linear least squares regression the most widely used modeling method, but it has been adapted to a broad range of situations that are outside its direct scope. ]

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Expert answered|psalmpanoti|Points 10|

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Asked 2/6/2012 6:55:54 PM

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