Ask Question
BusinessBusiness
18 May, 23:19

When marketing managers looks for a relationship between past sales and one or more independent variables, such as population, per capita income, or gross domestic product, they are engaging in

+4
Answers (1)
  1. 19 May, 01:13
    0
    When marketing managers looks for a relationship between past sales and one or more independent variables, such as population, per capita income, or gross domestic product, they are engaging in regression analysis.

    Explanation:

    An effective mathematical formalism which enables one to analyze the interaction among two or more interest factors is understood as a regression analysis. While there are several forms of regression analysis, they all analyze the effect of one or more independent variables on a dependent variable at their source.

    The linear association among two variables is defined using correlation. Regression is then used to match the best line and predict one variable based on another variable. Regression, then, represents the effect on the dependent variable of the unit shift in the independent variable.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When marketing managers looks for a relationship between past sales and one or more independent variables, such as population, per capita ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Will and Janine are divorced during the current year. Will is to have custody of their two children and will receive their house as part of the divorce sttlement. The house, which Will and Janine bought for $60000 is worth $100000.
Answers (1)
If sales are $400,000, variable costs are 75% of sales, and operating income is $40,000, what is the operating leverage? (round to one decimal place.)
Answers (1)
Carl transfers land with a fair market value of $120,000 and basis of $30,000, to a new corporation in exchange for 85 percent of the corporation's stock. The land is subject to a $45,000 liability, which the corporation assumes.
Answers (1)
Patton Paints Corporation has a target capital structure of 40% debt and 60% common equity, with no preferred stock. Its before-tax cost of debt is 13% and its marginal tax rate is 40%. The current stock price is P0 = $22.00.
Answers (1)
True or false? reintermediation in the health care channel would be represented by a company such as zocdoc.
Answers (2)
New Questions in Business
Hard Rock Mining is a mineral mining company. The CEO of Hard Rock Mining died last month. The news led to a short-term decline in the company's stock price, but the price bounced back after the company announced its increased quarterly earnings.
Answers (1)
Dita takes out a student loan from Everloan Bank. When she fails to make the scheduled payments for six months, Everloan advises her of further action that it will take. This violates
Answers (1)
3. Which of the following statements is not true of budgets? a) Budgets are working documents that need to be monitored and adjusted over time. b) Budgets are a record of income and expenses and a plan for managing money.
Answers (1)
Kettle Factory produces two similar products - gloves and mittens. The total plant budget is $1,050,000 with 600,000 estimated direct labor hours.
Answers (1)
B) Harley's current wealth is $600, but there is a. 25 probability that he will lose $100. Harley is risk averse. He has an opportunity to buy insurance that would restore his $100 if he loses it.
Answers (1)
Home » Business » When marketing managers looks for a relationship between past sales and one or more independent variables, such as population, per capita income, or gross domestic product, they are engaging in
Sign Up Forgot Password?