Assignment:
We know that a linear regression model is limited in its power to project into the future. In other words, one should be very careful in using linear regression to make projections. Follow these steps in addressing this assigned critical thinking question:
1. Provide an explanation of why (or why not) this caution is warranted.
2. Find a real economic or business example to support your position.
3. Write a 1-page Executive Summary of the example and how it supports your position.
4. Include at least one graph that you have made using Microsoft Word's chart feature. Make sure the graph includes:
a. Labels on both axes
b. A title
c. A legend
d. A caption listing the source of the data