A private business might develop a linear regression model to estimate future sales based on past experience.

Question

Quizplus · Accepted Answer

It is common for private businesses to use data analysis techniques such as linear regression to make predictions and inform decision-making. Developing a linear regression model based on past sales data can help a business estimate future sales and make informed decisions about production levels, marketing strategies, and more.

A Private Business Might Develop a Linear Regression Model to Estimate