You Are Working with the Data Scientist from Your Sales

question 141

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:

Fixed Manufacturing Overhead

Costs in manufacturing that do not vary with the level of production, such as rent, depreciation, and salaries.

Inventories

Assets held for sale in the ordinary course of business, in the process of production for such sale, or in the form of materials to be consumed in the production process.

Deferred

Refers to expenses or income that has been incurred but not yet recognized in the accounts, to be recognized in a future period.

Released

Refers to a product or information that has been made available to the public or to a specific group.