​You Are Working with the Data Scientist from Your Sales

question 49

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:

Retained Earnings(Deficit)

The accumulated net income of a company minus any dividends paid to shareholders, reflecting the company's earnings reinvested in its operations.

Stock Split

An action by a company to increase the number of outstanding shares by dividing each share, which typically reduces the share price but does not change the overall market capitalization.

Shares Outstanding

The total number of a company's shares of stock that are currently owned by shareholders, including restricted shares.

Treasury Stock

Shares of a company's own stock that it has reacquired from shareholders and not retired, held in the company's treasury.