Question: The key difference between trend analysis and multiple regression modelling such as econometric modelling is: a. trend analysis is a much more time consuming and

The key difference between trend analysis and multiple regression modelling such as econometric modelling is:

a. trend analysis is a much more time consuming and complex process

b. trend analysis makes predictions by projecting past trends into the future, while multiple regression modelling relies solely on present trends

c. trend analysis is based on one single business factor to predict employment needs, while multiple regression modelling combines several factors

d. Multiple regression modelling is based on critical factors such as sales, birth rate, economic growth rate, income level, etc. while trend analysis is based on one and only one factor- sales

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