_____ Is a Common Approach to Gather Data for Judgmental

question 7

Multiple Choice

_____ is a common approach to gather data for judgmental forecasts.

• A) A moving average model
• B) Regression analysis
• C) A survey questionnaire
• D) Single exponential smoothing

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Definitions:

Regression Analysis

A statistical method used for estimating the relationships among variables, particularly the relationship between a dependent variable and one or more independent variables.

Dependent Variable

The variable in an experiment or model that is expected to change in response to changes in the independent variable.

Stepwise Regression

A method of fitting regression models in which the choice of predictive variables is carried out by an automatic procedure.

F-statistic

A ratio used in statistical analysis to determine the significance of a group of variables in a regression model.