A model when there are several independent variables that are linearly related to demand is?
A) Linear trend forecast
B) Simple linear regression forecast
C) Multiple regression forecast
D) Exponential smoothing forecast

Question

Quizplus · Accepted Answer

When there are several independent variables that are linearly related to demand, multiple regression forecast is the appropriate model. This model allows for the consideration of multiple factors that may impact demand, unlike simple linear regression which only considers one independent variable. Linear trend forecast and exponential smoothing forecast are appropriate when there is a clear and consistent pattern in past demand data.

A Model When There Are Several Independent Variables That Are