Which of the Regression Models Is Most Likely to Provide

question 58

Multiple Choice

Which of the regression models is most likely to provide the best fit for the data represented by the following scatterplot?

• A)exponential model.
• B)logarithmic model.
• C)linear model.
• D)log-log model.

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Definitions:

Fellow Consumers

Other customers who purchase and use the same products or services, whose opinions and behaviors can influence individual buying decisions.

Business Environment

The combination of external and internal factors that influence a company's operating situation, including economic, legal, technological, and social aspects.

Potential Opportunities

Prospects or chances that could be developed into actual or beneficial situations in the future.

Macroenvironmental Factors

Aspects of the external environment that affect a company’s business, such as the culture, demographics, social trends, technological advances, economic situation, and political/regulatory environment.