Regression is useful for forecasting consumer behavior when predictive relationships are linear.

Name: Regression is useful for forecasting consumer behavior when predictive relationships are linear.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Regression analysis, especially linear regression, is a powerful statistical method used to model and analyze the relationship between a dependent variable and one or more independent variables, making it useful for forecasting consumer behavior when these relationships are linear.

Regression Is Useful for Forecasting Consumer Behavior When Predictive Relationships