ENTREPRENEURIAL MARKETING
PRICING STRATEGIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The analysis of historical sales data, will be referred to as the ____
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regression approach
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controlled experiment
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experimentation approach
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regression coefficients
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Explanation:
Detailed explanation-1: -Regression analysis is a statistical technique of measuring the relationship between variables. It provides the values of the dependent variable from the value of an independent variable. The main use of regression analysis is to determine the strength of predictors, forecast an effect, a trend, etc.
Detailed explanation-2: -Regression analysis is a method of forecasting that uses regression analysis to predict your future sales. This forecasting method looks at the variables in your business and helps you find what areas are affecting your sales. This forecasting method looks at both dependent and independent variables.
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