Explain the role of regression analysis in business decision-making.

Use the ppt and excell spreadsheet to answer the following questions.
What is the difference between a causal model and a time series model?
The following are our company’s annual sales ($ million) data from 2015 to 2021. Use the trend equation to forecast sales for 2025.
Explain the role of regression analysis in business decision-making. What are the important properties of regression coefficients? Distinguish between correlation and regression analysis.
What is the difference between a causal model and a time series model?
The following are our company’s annual sales ($ million) data from 2015 to 2021. Use the trend equation to forecast sales for 2025.

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