An Economic Multiple Regression Case in Experiential Learning

Abstract

In the rush to create a more realistic learning environment, creative faculty are developing extensive case studies for classroom analysis. This paper presents the development and analysis of a multiple regression model using econometric data to help predict sales of a sporting good consumer product within a given geographic region or metroplex. The students are fully involved in the process from model conception to data collection to quantitative analysis. The case requires three weeks of time, utilizing 90 minutes of class time during each of the three weeks.