Illustrate the importance of using regression models. Discuss and differentiate

Illustrate the importance of using regression models. Discuss and differentiate among the different forecasting techniques and models. Explain cautions, mistakes, and pitfalls to watch out for, in the use of regression and forecasting models. Provide alternative methods to avoid making erroneous and costly decisions. Provide examples of real-world applications. Use attached powerpoints and pdf’s as sources of information. Provide at least one additional source outside of these documents.

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