The Difference Between Simple Regression and Multiple Regression Is That

question 8

Multiple Choice

The difference between simple regression and multiple regression is that:

• A) Simple regression is easier to perform in Excel than multiple regression
• B) Simple regression is only performed once when estimating a cost function, whereas multiple regression is performed more than once
• C) Simple regression uses only one cost driver, whereas multiple regression uses more than one cost driver
• D) Simple regression is for estimating only one cost, and multiple regression is for estimating more than one cost

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Definitions:

Market Penetration

A measure and strategy of the amount by which a product or service is recognized and bought by customers in a particular market.

Product Development

The process of creating, designing, and introducing new products or improving existing ones to meet consumer needs and market demands.

Market Development

A growth strategy that identifies and develops new market segments for current products, including geographic expansion or targeting new segments.

Diversification

A strategy in business and investment to spread risks and opportunities across different markets, products, or investments.