A Regression Model Is an Example of Which Type of Forecasting

question 7

Multiple Choice

A regression model is an example of which type of forecasting method?

• A) Causal
• B) Historical analogy
• C) Qualitative
• D) Life cycle analogy

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Definitions:

Drawing Tools

A set of digital instruments included in graphic design and document software for creating and editing graphical elements.

Scatter Chart

A type of graph in which the values of two variables are plotted along two axes, showcasing a possible relationship or pattern between them.

Histogram Chart

A type of graph that represents the distribution of data sets across different intervals or bins.

Distribution of Data

The way numerical or categorical data points are spread out or dispersed across a range or scale in a dataset.