A realtor is trying to predict the value of a home. He has quantitative data available and has evidence that the home price has

Question

3 years ago

11

A realtor is trying to predict the value of a home. He has quantitative data available and has evidence that the home price has

a strong relationship to the square footage of the home. The best choice for a forecasting model is:_______.a. linear regression. b. moving average. c. market survey. d. exponential smoothing.

Business

1 answer:

nadya68 [22] · Answer 1 · 2022-08-25T16:23:07+03:00

Answer:

a. linear regression.

Explanation:

Based on the information provided within the question it can be said that in this scenario the best choice would be a linear regression model. That is because this type of approach deals with seeing to what extent there exists a relationship between two variables. Which in this case would be the quantitative data/prices and the square footage of the home.