Understanding and predicting inventory obsolescence is an important determination for retail companies.When using competitor selling prices to estimate the inventory obsolescence reserve,the inventory obsolescence reserve represents which of the following?
A) Independent variable
B) Dependent variable
C) Function
D) Statistical Model

Question

Quizplus · Accepted Answer

The inventory obsolescence reserve is the dependent variable because it is being estimated based on the competitor selling prices, which are the independent variables.

Understanding and Predicting Inventory Obsolescence Is an Important Determination for Retail