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Case
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Reference no. UVA-QA-0584
Published by: Darden Business Publishing
Originally published in: 2002
Version: 23 April 2009
Length: 6 pages
Data source: Published sources

Abstract

Select Collections sounds like the name of a fancy dress shop. Actually, in this case, it’s a collection agency whose credit manager has asked a summer intern to apply her knowledge of regression analysis to forecast the amount the company will collect from 3,570 delinquent accounts. The intern must submit her forecasts in a contest with other interns to see whose model works the best. The case provides students with a modeling experience on a large data set. Instructors can form student teams and conduct their own forecasting contests.

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Abstract

Select Collections sounds like the name of a fancy dress shop. Actually, in this case, it’s a collection agency whose credit manager has asked a summer intern to apply her knowledge of regression analysis to forecast the amount the company will collect from 3,570 delinquent accounts. The intern must submit her forecasts in a contest with other interns to see whose model works the best. The case provides students with a modeling experience on a large data set. Instructors can form student teams and conduct their own forecasting contests.

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