Regarding regression analysis, all of the following statements are accurate, except that
A) it is one of the most subjective methods used in sales forecasting
B) it determines causal relationships between a company's sales and various independent factors
C) the complexity of this technique often makes some sales managers skeptical regarding the forecast results
D) it can be time consuming and expensive

Question

Quizplus · Accepted Answer

Regression analysis is a statistical method that is objective, not subjective, as it relies on mathematical calculations to determine relationships between variables.

Regarding Regression Analysis, All of the Following Statements Are Accurate