How might an organization use simple linear regression forecasting? How does this technique differ from the linear trend forecasting technique?
What will be an ideal response?
A successful answer will indicate that simple linear regression is appropriate when there is a linear causal relationship between a dependent variable and an independent variable. Linear trend forecasting is typically used when the independent variable is time.
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The issue of sustainability is central to this strategy concept:
A) cost leadership. B) differentiation. C) cost focus. D) focused differentiation. E) consumer differentiation.
As manager of a local donut shop, Arnie greets his regular customers by name and often begins making their order when he sees them drive into the parking lot. Arnie knows habitual purchasers with strong store loyalty are great customers.
Answer the following statement true (T) or false (F)
Regarding gross and net pay, which of the following statements is correct?
A) Gross pay minus all deductions such as income tax withheld equals net pay. B) Net pay represents the total salaries and wages expense to the employer. C) For most businesses, gross pay equals net pay. D) Employers are required to deposit net pay into the employee's bank account.
While setting the price of a product, what must managers consider?
A. personnel cost to the company B. profit it should bring the company C. transportation cost D. cost of the whole marketing mix E. buying capacity of the customers