Matt, a sales analyst, predicts the sale of luxury cars by formulating an equation that uses variables such as the customer's age and monthly salary. Which of the following methods does Matt use in this case?

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Quizplus · Accepted Answer

Matt uses regression analysis, which involves formulating an equation between a dependent variable (sales of luxury cars) and independent variables (customer's age and monthly salary). With regression analysis, Matt can estimate the impact of each independent variable on the dependent variable and make predictions about future sales.

Matt, a Sales Analyst, Predicts the Sale of Luxury Cars