Linear Regression Calculations
Posted: Fri Jul 23, 2021 5:07 am
We are developing a Visual Lansa Sales Forecasting system.
One potential method we may forecast is through the use of a "trend" in sales history using multiple years of sales data.
If we are asked to calculate this trend through the use of Linear Regression calculations (e.g. X and Y values, slope, etc), I'm curious if there are
any built-in functions and/or Operators that would help in these calculations or would we have to write custom code to do the calculations "long-hand"?
My initial search of the available Mathematical Built-In Functions only finds: Exponential, Random_Num_Generator, Round, and Square_Root.
One potential method we may forecast is through the use of a "trend" in sales history using multiple years of sales data.
If we are asked to calculate this trend through the use of Linear Regression calculations (e.g. X and Y values, slope, etc), I'm curious if there are
any built-in functions and/or Operators that would help in these calculations or would we have to write custom code to do the calculations "long-hand"?
My initial search of the available Mathematical Built-In Functions only finds: Exponential, Random_Num_Generator, Round, and Square_Root.