In the Simple Linear Regression Analysis Equation, Y = a

question 17

Multiple Choice

In the simple linear regression analysis equation, Y = a + bx, x represents

• A) expected sales.
• B) the factor on which sales are dependent.
• C) the slope of the line.
• D) the vertical intercept.

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Definitions:

Forecast

A prediction or estimate of future trends, events, or conditions, often based on current data or trends.

Intervening Steps

The stages or actions that occur between the start and completion of a process, often involving intermediary tasks or decisions.

Cross Tabulation

A statistical tool used to analyze the relationship between two or more variables by displaying data in a tabular format.

Marketing Input Report

A document or analysis that includes data, insights, and recommendations to inform and guide marketing strategies and decisions.