Which predictive analytics technique predicts the level of advertising expenditures based on a variety of factors?

Question

Which predictive analytics technique predicts the level of advertising expenditures based on a variety of factors?
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Solution 1

The predictive analytics technique that predicts the level of advertising expenditures based on a variety of factors is called Multiple Linear Regression.

Here are the steps to use this technique:

  1. Identify the dependent variable: In this case, the dependent variable is the level of advertising Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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