You Are Working with the Data Scientist from Your Sales

question 141

Multiple Choice

You are working with the data scientist from your sales department to develop a regression model for forecasting your company's sales based on changes in the U.S. economy.
Which of the following types of data do you need the most in order to enhance the accuracy of the model's forecasts?

• A) Quantitative data about your company's historical sales and U.S. economic performance statistics
• B) Qualitative data about your company's historical sales and U.S. economic performance statistics
• C) Qualitative data about the department's sales force
• D) Quantitative data about your company's historical sales only
• E) Qualitative data about your marketing environment

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Definitions:

Haloperidol

An antipsychotic medication primarily used to treat schizophrenia and acute psychotic states, known for its effectiveness in managing symptoms of severe mental disorders.

Quetiapine

A medication used to treat psychiatric conditions such as schizophrenia and bipolar disorder, operating as an antipsychotic.

Negative Effects

Unfavorable, harmful, or detrimental outcomes or impacts resulting from an action, condition, or circumstance.

Drug Companies

Businesses involved in the development, production, and marketing of medications and pharmaceutical products.