To Reduce Subjectivity in the Budgeting Process and Gather as Much

question 97

Multiple Choice

To reduce subjectivity in the budgeting process and gather as much information as possible,management often enters past sales data into which of the following regression models to obtain a statistical estimate of factors affecting sales?

• A)econometric model.
• B)input-output model.
• C)Delphi model
• D)none of the above.

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Definitions:

Confederacy

The collective name for the eleven Southern states that seceded from the United States in 1860-1861, leading to the Civil War.

Jefferson Davis

Jefferson Davis was the President of the Confederate States of America during the American Civil War, representing the Southern states that seceded from the Union.

Northern White Women

Refers to women who lived in the Northern states of the United States during various historical periods, often with different social and economic experiences from those in the South.