Which of the following statements about scatter diagrams is true?
A)Time is always plotted on the y-axis.
B)It can depict the relationship among three variables simultaneously.
C)It is helpful when forecasting with qualitative data.
D)The variable to be forecasted is placed on the y-axis.

Question

Quizplus · Accepted Answer

The variable to be forecasted is typically placed on the y-axis in a scatter diagram, with the independent variable plotted on the x-axis. Time is not always plotted on the y-axis, and scatter diagrams only depict the relationship between two variables, not three. While scatter diagrams can be useful in some cases for forecasting, they are typically used with quantitative data rather than qualitative data.

Which of the Following Statements About Scatter Diagrams Is True