A firm links changes in sales to such variables as gross domestic product, interest rates, and replacement demand. It is utilizing
A) complex trend analysis.
B) the chain-ratio method.
C) regression.
D) simple trend analysis.

Question

Quizplus · Accepted Answer

Regression analysis is used to identify the relationship between a dependent variable (in this case, sales) and one or more independent variables (such as gross domestic product, interest rates, and replacement demand).

A Firm Links Changes in Sales to Such Variables as Gross