Suppose a researcher collected data for his study from the annual financial reports of the ABC company. Which type of data he had collected? a. Intermediate data b. Primary data c. Secondary data d. Tertiary data

Suppose a researcher collected data for his study from the annual financial reports of the ABC company. Which type of data he had collected? a. Intermediate data b. Primary data c. Secondary data d. Tertiary data

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.3: Simple Regression Models

Problem 6P: Do the sales prices of houses in a given community vary systematically with their sizes (as measured...

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Concept explainers

Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.

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Suppose a researcher collected data for his study from the annual financial reports of the ABC company. Which type of data he had collected?

	a.	Intermediate data
	b.	Primary data
	c.	Secondary data
	d.	Tertiary data

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