Asked by Laura Thompson on Sep 28, 2024

________ identifies the relationships between variables that predict or cause some target variable.

A) Judgment-based forecasting
B) Trend extrapolation
C) Regression analysis
D) Curve fitting

Regression Analysis

A statistical method used to examine the relationship between a dependent variable and one or more independent variables.

Target Variable

In statistical modeling and machine learning, the variable that is the object of prediction or explanation.

Judgment-Based Forecasting

This method of forecasting relies on expert opinions and intuition rather than statistical data or mathematical models.

  • Understand the various methods used for predicting or analyzing market trends.