Hi All
I'm new to this concept of regression but I understand the basics. I'm using XL to conduct the analysis.
The end result is to forecast the automotive market. I've split my analysis at a couple of points (GFC, Japan Tsunami, COVID) to ensure the data is true.
My issue is in the first two splits the R value comes back reasonable ... but the third split the R values come back really small. I have tried over 10 different analysis and the pattern is the same.
Upon searching I now realised I should not have used data that is too lineal / structured (ie: Population growth) because it skews the outcome.
So I just wanted to ask the group
1) Have I made some kind of PEBKAC mistake using the XL function ?
2) Other advice as to why the R value is so low in the third split ?
3) Other advice as to how I can improve my analysis ?
Above is the link to the file
Shout out if there are any questions
Thanks
I'm new to this concept of regression but I understand the basics. I'm using XL to conduct the analysis.
The end result is to forecast the automotive market. I've split my analysis at a couple of points (GFC, Japan Tsunami, COVID) to ensure the data is true.
My issue is in the first two splits the R value comes back reasonable ... but the third split the R values come back really small. I have tried over 10 different analysis and the pattern is the same.
Upon searching I now realised I should not have used data that is too lineal / structured (ie: Population growth) because it skews the outcome.
So I just wanted to ask the group
1) Have I made some kind of PEBKAC mistake using the XL function ?
2) Other advice as to why the R value is so low in the third split ?
3) Other advice as to how I can improve my analysis ?
Above is the link to the file
Shout out if there are any questions
Thanks