What is the difference between multiple regression analysis and the analog approach?
A) The analog approach gathers its information through nationwide customer surveys.
B) Multiple regression analysis uses geo-demographic segmentation systems to determine potential sales in a new market.
C) The analog approach uses statistics rather than judgment to predict sales.
D) Multiple regression analysis uses statistics rather than judgment to predict sales at existing store locations.
E) Multiple regression analysis cannot be used to determine potential sales like the analog approach.

Question

Quizplus · Accepted Answer

When using regression analysis, the retailer employs a technique called multiple regression to estimate a statistical model that predicts sales at existing store locations.

What Is the Difference Between Multiple Regression Analysis and the Analog