Question: What is the difference between the analog approach and the regression analysis approach in forecasting the sales of a retail store? The analog approach is
What is the difference between the analog approach and the regression analysis approach in forecasting the sales of a retail store?
The analog approach is more subjective than the regression approach.
The analog approach is only used to forecast the sales of products, while the regression approach is used only to forecast the sales of services.
The analog approach is only used to forecast the sales of services, while the regression approach is only used to forecast the sales of products.
The analog approach is more objective than the regression approach.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
