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Dear Sir:
I have been struggling with the below question for sometime and cannot decide between a and b. Please assist.
Thanks,
Which of the following is an advantage of using regression analysis in a distribution forecast?
a) It improves the accuracy of long-term forecasts.
b) It considers the historical relationship between sales and balance sheet items.
c) It allows seasonality and trends to be incorporated.
d) It does not require large amounts of data.b is better than a
(You can use regression analysis on any data, but it is only useful for forecasting if the relationship is actually linear. The less linear the relationship, the less accurate will be any forecasts)
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