A tool for forecasting a dependent variable like sales using several independent variables simultaneously refers to a trend analysis.

Name: A tool for forecasting a dependent variable like sales using several independent variables simultaneously refers to a trend analysis.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

Trend analysis typically involves examining data points over time to identify patterns or trends, whereas forecasting using several independent variables simultaneously is more accurately described as multiple regression analysis.

A Tool for Forecasting a Dependent Variable Like Sales Using