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:

Internal Legal Memoranda

Documents used within a law firm or legal department to communicate analysis, research findings, and recommendations regarding legal issues or cases.

Pleadings

The formal written statements of the plaintiff and defendant in a lawsuit that detail their respective claims and defenses.

Letters

Written forms of communication, often used for correspondence between individuals or organizations.

Objective Analysis

A method of evaluation based on facts and evidence that is not influenced by personal feelings or opinions.