Asked by Avirup Mondal on Sep 28, 2024
Verified
Regression analysis is primarily used by marketers to ________.
A) evaluate strengths
B) develop sales forecasts
C) assess competitors' brands
D) manage the marketing mix
Sales Forecasts
Predictions of the future sales revenue of a product or service within a specified time frame, based on historical data, market trends, and economic conditions.
Evaluate Strengths
The process of identifying and assessing the strong points or advantages that an individual, company, or product possesses.
Competitors' Brands
Brands offered by competing companies in the same industry.
- Gain an understanding of the value and methodologies involved in predicting sales outcomes.
Verified Answer
Learning Objectives
- Gain an understanding of the value and methodologies involved in predicting sales outcomes.
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