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II. True (T) or False (F) Questions (1 mark) 6. Multiple regressions are the relationship of...

II. True (T) or False (F) Questions (1 mark) 6. Multiple regressions are the relationship of more dependent and independent variables over the estimation. 7. Delphy technique is the combination of all expert opinions before making decisions. 8. Market survey is more precise and costs less than a test market. 9. Project is a best fit forecasting using a small and narrow coefficient to estimate the demand fluctuation in such period. 10. Long term trend and estimation can be best by using the leading indicators.

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6. true. multiple regression is an extension of simple linear regression. it is used when we want to estimate the value of a dependent variable based on 2 or more independent variable

7. true. Delphy technique is the combination of all expert opinions before making decisions

8. false. market surveys are not that accurate as compared to the test market

10. true. leading indicators are often used to forecast the long term estimations and trends

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