Asked by Hazeline Sutana on May 17, 2024
Verified
Linear programming has similar assumptions to those in regression analysis.
Linear Programming
A mathematical method used to find the best possible outcome in a given mathematical model with linear relationships.
Regression Analysis
A statistical technique for analyzing the connection between a single dependent variable and one or more independent variables.
- Identify the application and importance of linear programming in the analysis of projects.
Verified Answer
DE
Daisy EmanoMay 20, 2024
Final Answer :
True
Explanation :
Both linear programming and regression analysis assume linearity of relationships, normality of errors, and independence of observations. However, the purpose and methods of the two techniques differ.
Learning Objectives
- Identify the application and importance of linear programming in the analysis of projects.
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