You Are Working with the Data Scientist from Your Sales

question 67

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. ​
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Which of the following types of data do you need the most in order to enhance the accuracy of the model's forecasts?​

• A)​qualitative data about the department's sales force
• B)​qualitative data about your marketing environment
• C)​quantitative data about your company's historical sales
• D)​qualitative data about your company's historical sales and U.S. economic performance statistics
• E)​quantitative data about your company's historical sales and U.S. economic performance statistics

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Definitions:

Egocentrism

A cognitive bias that causes individuals to interpret the world from their own perspective, often failing to take into account the viewpoints of others.

Secure Attachment

A strong and healthy emotional bond between a child and caregiver, characterized by trust and a sense of safety.

Stranger Anxiety

A developmental situation where infants and young children feel distress and apprehension around unfamiliar people.

Conservation

In cognitive psychology, the understanding that objects conserve properties such as number, length, and volume despite changes in the form or appearance of those objects.