The sales prediction technique based on the correlation between sales and other factors such as population density, per capita income, or family size is
A) executive judgment.
B) time series analysis.
C) regression analysis.
D) a market test.
E) an expert survey.

Question

Quizplus · Accepted Answer

Regression analysis is a statistical technique that can predict sales based on the correlation between sales and other factors such as population density, per capita income, or family size. It is a quantitative method of sales prediction that uses historical data to develop a mathematical model. This model can then be used to forecast future sales based on changes in the independent variables.

The Sales Prediction Technique Based on the Correlation Between Sales