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Assuming that only annual data are available, which of the following historical variables for year t-1 is the WORST choice for an explanatory variable in

Assuming that only annual data are available, which of the following historical variables for year t-1 is the WORST choice for an explanatory variable in a regression model for assessing waranty expense in year t?

	a.	Warranty claims
	b.	Revenue
	c.	Cost of sales
	d.	Warranty expense

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