An automobile manufacturer wants to understand the factors influencing car sales. The company gathers data on variables such as price, advertising expenditure, and consumer income. Econometric models are used to analyze how these variables affect car sales, aiding in strategic decision-making. In this context, econometrics is used for: A) Product design B) Understanding sales determinants C) Assessing employee performance D) Planning corporate events
An automobile manufacturer wants to understand the factors influencing car sales. The company gathers data on variables such as price, advertising expenditure, and consumer income. Econometric models are used to analyze how these variables affect car sales, aiding in strategic decision-making. In this context, econometrics is used for:
A) Product design
B) Understanding sales determinants
C) Assessing employee performance
D) Planning corporate events
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