Regression analysis is commonly used in the cause-and-effect forecasting model.

Name: Regression analysis is commonly used in the cause-and-effect forecasting model.
Brand: Quizplus
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Quizplus · Accepted Answer

Regression analysis is a statistical technique that helps in understanding the relationship between variables. It can be used in the cause-and-effect forecasting model to identify the factors that impact the outcome and predict the future values of the outcome variable based on the input variables. Therefore, the statement is true.

Regression Analysis Is Commonly Used in the Cause-And-Effect Forecasting Model