The Analysis Technique That Involves Seeing How a Dependent Variable

question 20

Multiple Choice

The analysis technique that involves seeing how a dependent variable might change when one or more independent variables changes, such as to see if a customer can be cross-sold or up-sold at the point of purchase is known as:

• A) Purchase analysis
• B) Regression analysis
• C) Descriptive analysis
• D) Time series analysis
• E) Simulation analysis

---

Definitions:

Economic Profit

The divergence between overall financial returns and comprehensive expenses, integrating both apparent and implied costs.

Long Run

In economics, a period in which all factors of production and costs are variable, allowing all inputs to be adjusted.

Average Variable Cost

The total variable costs of production divided by the quantity of output produced, representing the cost per unit of output.

Total Revenue

The complete sum of funds a company acquires from selling goods or offering services over a specified time period.