Mathematics · Regression Analysis
Which of the following statements represents a major limitation of linear regression analysis when used for forecasting?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1If the relationship between two variables is causative, then as the independent variable changes, so too will the dependent variable.
- 2It assumes that past relationships between dependent and independent variables will continue into the future.✓
- 3It is easy to model on a spreadsheet application.
- 4It can be used to forecast costs and revenues.
Correct answer
It assumes that past relationships between dependent and independent variables will continue into the future.
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