Auto Mobile Sector

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FACTORS AFFECTING THE SALES OF CARS

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Predictive Model

Predictive model may be defined a model which gives us prediction about future. It helps us in analyzing the consequences that are going to occur in near future. It is a statistical tools which gives the clear picture about future or provides us significant knowledge about our business that are going to come in future . Predictive model fill the gap between when we are and where we want to reach in future, e.g. if a business wants to increase its sales by 10% over the last year it will prepare a model finding the cause of decrease in sales or the variables which affected their sales more than they will work on the variables which effected the least the model which they are going to prepare about their increase in sales in near future is known as predictive model….this model will guide a business in a mode that where you have to focus more and where less, which sector or variable your business needs to focus more so that your business can increase the sale and fills the gap of decrease.

In nut shall we can say that predictive model is something which every business needs because every business want to increase their growth in future, as future is uncertain so there should be a proper plan to guide a particular business about the future that plan is called as predictive model in which whole analysis is done on the basis of independent variables.

COMMERCIAL UTILITY

Commercial utility of this model can be broadly understood by the following points:

- This model will help business firms to generate more and more profit as this model totally works on weak points, unless and until it will not make the variable perfectly valuable.

- By this model business can generate income that will indirectly generate the welfare of nation

- By earning more profits, the business will help in generation of employment and making the infrastructure better by paying more taxes towards the government

- This model will help in working on weak sections of any business

- This model will provide a link between dependent variable and independent variable

Robustness