A Statistical Technique Involving the Use of a Mathematical Formula

question 74

Multiple Choice

A statistical technique involving the use of a mathematical formula to project future demands, based on an established relationship between an organization's employment level and some measurable factor of output, is known as

• A)regression analysis.
• B)a scatterplot.
• C)a computerized forecast.
• D)trend analysis.
• E)ratio analysis.

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Definitions:

Loan

Funds lent with the anticipation of repayment plus an additional amount known as interest.

Interest

The fee for lending money, usually shown as a yearly percentage of the main sum.

Months

Units of time corresponding roughly to one cycle of the moon's phases, typically used to measure periods within a year.

Invest

The act of allocating money or capital to an endeavor with the expectation of generating an income or profit.