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Provide some examples of model building in your area of business specialization. How well are these formed? Are they used effectively?
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I am a marketing professional in the video game industry and we use regression models to forecast and predict the sales of a new game. Basically, the regression model looks something like this
Sales for new game = Constant #1 * Variable #1 + Constant #2 * Variable #2 + Constant #3 * Variable #3 + …..
Some of the variables in our model include things like:
(1) The predicted critic rating for the game from major game …
