Simple linear regression:
A) can be done using some pocket calculators.
B) is based on the assumption that sales follow a cyclical pattern.
C) uses several independent variables to forecast sales.
D) tends to lag behind when there is a strong trend.
E) both c and d are correct.

Question

Quizplus · Accepted Answer

Simple linear regression only involves one independent variable and one dependent variable, and can be calculated using basic statistical formulas or even some pocket calculators. It is also not based on the assumption of cyclical patterns and does not necessarily lag behind in the presence of strong trends. Therefore, choices B, C, D, and E are incorrect.

Simple Linear Regression