A regression equation with a coefficient of determination near one would be most likely to occur when the data demonstrated a:
A. seasonal demand pattern.
B. trend demand pattern.
C. cyclical demand pattern.
D. random demand pattern.
Answer:B
A regression equation with a coefficient of determination near one would be most likely to occur when the data demonstrated a:
A. seasonal demand pattern. B. trend demand pattern. C. cyclical demand pattern. D. random demand pattern.