As a Tool for Budget Allocation, Multiple Regression Analysis Is

question 23

Multiple Choice

As a tool for budget allocation, multiple regression analysis is most often employed in budget models using:

• A)computer simulations.
• B)competitive parity.
• C)arbitrary allocations.
• D)percentage-of-sales.
• E)downward curves.

---

Definitions:

Regression Analyses

Statistical methods used to estimate the relationships among variables, often used to predict a key variable based on others.

Forecasting

The practice of predicting future trends, demands, or events based on historical data and analysis.

Predicting

The process of forecasting future events, outcomes, or trends based on current or historical data, using various statistical, mathematical, or computational techniques.

Future

A period of time that has not yet happened but is considered in terms of potential events or developments.