"The Demand for a Product Is a Function of Both

question 29

Multiple Choice

"The demand for a product is a function of both the price of the product and the dollars spent on promotions by the company that produced it." Which of the following methods is appropriate to forecast demand for the product?

• A)simple linear regression analysis
• B)multiple linear regression analysis
• C)multiplicative method
• D)additive method

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Definitions:

Smartphone

A mobile phone that performs many of the functions of a computer, typically having a touchscreen interface, internet access, and an operating system capable of running downloaded apps.

Camera

A device used to capture images or videos, either as analog or digital data.

Input

The data or information sent to a system or device, serving as the operational basis for processing or output generation.

CPU

Central Processing Unit, the main unit of a computer that performs the majority of processing operations.