Multiple regression is a quantitative forecast whereby the dependent variable is sales, and the independent variable is time.

Name: Multiple regression is a quantitative forecast whereby the dependent variable is sales, and the independent variable is time.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Multiple regression involves multiple independent variables to predict a dependent variable. Time series analysis, not multiple regression, typically uses time as an independent variable to forecast sales.

Multiple Regression Is a Quantitative Forecast Whereby the Dependent Variable