Albany Products found that the sales of one of their most important products is logically related to new construction expenditures.If the firm can forecast future values of this variable,which forecasting technique would appear to be most appropriate?

Question

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Since the sales of the product are logically related to new construction expenditures, a regression analysis would be most appropriate. This technique can help the firm forecast future sales based on the relationship between the two variables. Other methods, such as time series or trend extension, may not take into account the impact of new construction expenditures. The Delphi method is more appropriate for forecasting events that are uncertain and cannot be predicted using historical data, which is not the case here.

Albany Products Found That the Sales of One of Their