Jeff thinks that market sales are influenced by the preceding year's unemployment rate. Jeff should use a ____ for his analysis.
A)discriminant analysis
B)path analysis
C)factor analysis
D)time-lagged regression analysis
E)regression analysis

Question

Quizplus · Accepted Answer

Time-lagged regression analysis is the most appropriate choice for analyzing the relationship between market sales and preceding year's unemployment rate because it takes into account the time lag between the two variables and allows for the influence of the unemployment rate to be measured on sales in the following year. Other methods such as discriminant, path, or factor analysis may not be useful or relevant for this specific question. A simple regression analysis may not account for the time lag effect.

Jeff Thinks That Market Sales Are Influenced by the Preceding