There is a good living to be made out there by using regression and time series

Question

There is a good living to be made out there by using regression and time series analyses to help marketing departments predict sales trends.

a.Statistical techniques such as this are not incorporated into the sales forecast. It is strictly the duty of the marketing department to do this.

b.Statistical tools like this are the only aspect of creating a sales forecast. If you leave it up to the computers and the math, they will always find the right answer.

c.This is an accurate statement. Statistical techniques enhance managment intuition with facts and logic to help make some of the most important decisions you can make in business. There is a lot at stake if the wrong decision is made.

a.Statistical techniques such as this are not incorporated into the sales forecast. It is strictly the duty of the marketing department to do this.

b.Statistical tools like this are the only aspect of creating a sales forecast. If you leave it up to the computers and the math, they will always find the right answer.

c.This is an accurate statement. Statistical techniques enhance managment intuition with facts and logic to help make some of the most important decisions you can make in business. There is a lot at stake if the wrong decision is made.

Explanation / Answer

correct option is "C"-This is an accurate statement. Statistical techniques enhance managment intuition with facts and logic to help make some of the most important decisions you can make in business. There is a lot at stake if the wrong decision is made.

Statistical techniques helps management to make effective decisions about forecasts based on past trends by analysing data

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