A Mathematical Technique for Forecasting That Relates the Dependent Variable

question 6

Multiple Choice

A mathematical technique for forecasting that relates the dependent variable to an independent variable is

• A)correlation analysis.
• B)exponential smoothing.
• C)linear regression.
• D)weighted moving average.

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Definitions:

Auctioneer

A person authorized to conduct auctions, responsible for accepting bids and declaring goods sold.

Statute Of Frauds

A legal concept that requires certain types of contracts to be executed in writing and signed by the party to be charged, to prevent fraud and perjuries.

Oral Modification

An agreement to change the terms of a contract using spoken words rather than written documentation.

Unconscionable

A term describing a contract or practice that is unjust or extremely one-sided in favor of the party who has the superior bargaining power.