REGRESSION! Is the talk. This week I learned Proc Reg… rather proc reg owned me! I need to spend more time with this proc, however, I see how powerful it is.
Understanding Proc Reg will help me to forecast financial costs and material costs. If I have enough data I should be able to upload order files and use cost, sq ft, material to identify how much I will need for projects based upon sqft. If I was aware of this before, I would have designed better tracking methods.
…I think I sense a side project.
I will need to go through Proc Reg a few more time and experiment with some alternate data to get a better understanding of it. I was having trouble understanding when we assigned the predictive nature to quality and wasn’t able to adjust my RSME at all. I must be missing something and need to take some time to go back and look.
emiles blog 