A Causal Model That Predicts Demand When the Independent Variable

question 1

Multiple Choice

A causal model that predicts demand when the independent variable and the dependent variable are linearly related is?

• A) Linear trend forecast
• B) Simple linear regression forecast
• C) Multiple regression forecast
• D) Exponential smoothing forecast

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Definitions:

Decision-Making Process

The steps or actions taken to identify and choose alternatives based on the values and preferences of the decision maker.

Decision Situation

An instance requiring a choice to be made among different alternatives, often under conditions of uncertainty or constraints.

Effective Decision Maker

An individual who is capable of making choices that lead to the best possible outcomes for an organization.

Confucius

An ancient Chinese philosopher and educator whose teachings, focused on morality, family loyalty, and respect for elders, have had a lasting impact on East Asian thought and culture.