All of the following are weaknesses of regression analysis except
A) requires a large amount of data to produce a reliable model.
B) not well suited to firms with more than one product.
C) requires some technical skill and expertise to use.
D) factors affecting market response must be accurately identified.
E) does not consider effects of seasonal variations.

Question

Quizplus · Accepted Answer

Regression analysis is well-suited to firms with multiple products, as it can help identify which factors are most strongly associated with sales for each product. Therefore, B is not a weakness of regression analysis. The other options are legitimate weaknesses of regression analysis - it requires a large amount of data, technical skill, accurate identification of market response factors, and may not consider seasonal variations.

All of the Following Are Weaknesses of Regression Analysis Except