The cost of formulating, developing, and testing regression models, plus the expertise required to interpret results, often dictates the use of this model only for medium-term or long-term forecasting.

Question

Quizplus · Accepted Answer

The statement is true. The cost and expertise required for regression modeling often limit its use to medium-term or long-term forecasting.

The Cost of Formulating, Developing, and Testing Regression Models, Plus