The Sales Prediction Technique Based on the Correlation Between Sales

question 198

Multiple Choice

The sales prediction technique based on the correlation between sales and other factors such as population density, per capita income, or family size is

• A) executive judgment.
• B) time series analysis.
• C) regression analysis.
• D) a market test.
• E) an expert survey.

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Definitions:

Code-Based Approaches

Methods or strategies focused on the understanding and application of codes or rules, often used in programming and cryptography.

Information Processing

The way the human mind interprets, stores, and retrieves information; often compared to the operations of a computer.

Piagetian Approaches

Theories and methodologies derived from the work of Jean Piaget, focusing on cognitive development and stages in children.