Which of the following is an example of a causal regression analysis forecast? To forecast how many hamburgers to sell tomorrow based on tomorrow's forecasted weather To forecast how many hamburgers to sell tomorrow based on one's gut feeling To forecast how many hamburgers to sell tomorrow based on next year's budget limit To forecast how many hamburgers to sell tomorrow based on past period sales figures

Question

Mathematics

Micheal Maynard

18 October, 08:30

Which of the following is an example of a causal regression analysis forecast? To forecast how many hamburgers to sell tomorrow based on tomorrow's forecasted weather To forecast how many hamburgers to sell tomorrow based on one's gut feeling To forecast how many hamburgers to sell tomorrow based on next year's budget limit To forecast how many hamburgers to sell tomorrow based on past period sales figures

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Answers (2)

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Levi Lowery · Answer 1

To forecast how many hamburgers to sell tomorrow based on past period sales figures.

Step-by-step explanation:

Regression analysis explains predicting sales based on finding a relationship between past sales and one or more independent variables, such as population or income.

Keshawn Mendoza · Answer 2

Answer: To forecast how many hamburgers to sell tomorrow based on past period sales figures.

Step-by-step explanation:Regression analysis forecast is a term used to describe an analysis which focuses on forecasting and predicting based on the available data.

Forecasting is a term used in economics to predict the possible outcomes of a particular situation based on previous knowledge or experiences.

An example of a causal regression analysis forecast is making a forecast of how many products to sell tomorrow using already available past sales details.