WGU C723 BUS 3100 Quantitative Analysis for Business OA (Qns & Ans) 2026

WGU C723 BUS 3100 Quantitative Analysis for Business OA (Qns & Ans) 2026

1. In a regression analysis, which of the following measures the
goodness-of-fit of the model?
 A) T-statistic
 B) R-squared
 C) P-value
 D) Chi-square
 ANS: B) R-squared
 Rationale: R-squared provides the proportion of the variance
for the dependent variable that's explained by the independent
variable(s) in the model.
2. When conducting a time series analysis, which method is
most appropriate for forecasting linear trends?
 A) Moving Average
 B) Exponential Smoothing
 C) Linear Regression
 D) Holt-Winters Method

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