If a researcher were to take ten Asian countries where per capita income and automobile ownership by per capita were known, trying to find the overall picture of market size for the market could probably be done by using which of the following methods?
A) Analogy method
B) Latin square
C) Trade audit
D) Chain ratio method
E) Regression analysis

Question

Quizplus · Accepted Answer

Regression analysis is a statistical method that can be used to find the relationship between two or more variables. In this case, the researcher could use regression analysis to find the relationship between per capita income and automobile ownership by per capita. This information could then be used to estimate the overall market size for the market.

If a Researcher Were to Take Ten Asian Countries Where