Multiple Choice
Economists want to forecast the demand for automobiles (cars,SUVs and light trucks) as a function of gas prices.Historical data has shown that this relationship can be approximated by a straight line.Which forecasting technique is best suited in this situation?
A) Weighted moving average
B) Exponential smoothing
C) Simple moving average
D) Linear regression
Correct Answer:
Verified
Correct Answer:
Verified
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