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Book part
Publication date: 26 October 2017

Ronald K. Klimberg, Samuel Ratick and Harvey Smith

Multiple linear regression (MLR) is a commonly used statistical technique to predict future values. In this paper, we examine the situation in which a given time series dataset…

Abstract

Multiple linear regression (MLR) is a commonly used statistical technique to predict future values. In this paper, we examine the situation in which a given time series dataset contains numerous observations of important predictor variables that can effectively be classified into groups based on their values. In such situations, cluster analysis is often employed to improve the MLR models predictive accuracy, usually by creating separate regressions for each cluster. We introduce a novel approach in which we use the clusters and cluster centroids as input data for the predictor variables to improve the predictive accuracy of the MLR model. We illustrate and test this approach with a real dataset on fleet maintenance.

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Advances in Business and Management Forecasting
Type: Book
ISBN: 978-1-78743-069-3

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Book part
Publication date: 13 March 2013

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Advances in Business and Management Forecasting
Type: Book
ISBN: 978-1-78190-331-5

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Advances in Business and Management Forecasting
Type: Book
ISBN: 978-1-78441-209-8

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Book part
Publication date: 14 November 2011

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Advances in Business and Management Forecasting
Type: Book
ISBN: 978-0-85724-959-3

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Book part
Publication date: 13 March 2013

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Advances in Business and Management Forecasting
Type: Book
ISBN: 978-1-78190-331-5

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Book part
Publication date: 17 January 2009

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Advances in Business and Management Forecasting
Type: Book
ISBN: 978-1-84855-548-8

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Book part
Publication date: 26 October 2017

Abstract

Details

Advances in Business and Management Forecasting
Type: Book
ISBN: 978-1-78743-069-3

Content available
Book part
Publication date: 17 November 2010

Abstract

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Advances in Business and Management Forecasting
Type: Book
ISBN: 978-0-85724-201-3

Content available
Book part
Publication date: 14 November 2011

Abstract

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Advances in Business and Management Forecasting
Type: Book
ISBN: 978-0-85724-959-3

Abstract

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Advances in Business and Management Forecasting
Type: Book
ISBN: 978-1-78635-534-8

31 – 40 of 159