Casual Modelling and Line of best fit

Regression – on calculator (CASIO FXCG50): stats, 2 Variable, calc
- Closer to 1 greater relationship between the two variables
- Closer to 0 No relationship between the two variables
- -1 Absolute negative correlation between the two variables

Qualitative Forecasting: Uses people’s opinions or judgements, often used when there is a lack of accurate numerical date or in quickly changing markets