​You Are Working with the Data Scientist from Your Sales

question 49

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:

Satisfaction

The feeling of fulfillment or pleasure derived from achieving one's goals or fulfilling one's needs.

Posttraumatic Stress Disorder

A psychiatric disorder that can occur in people who have experienced or witnessed a traumatic event, characterized by severe anxiety, flashbacks, and uncontrollable thoughts about the event.

Employee Absenteeism

The habitual non-presence of an employee at their job without valid reason, which can affect productivity and workload distribution.

Social Identity

An individual's sense of who they are based on their group memberships, such as national, social, or ethnic groups.