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The figure below shows the product life cycle of a product. If you would like to forecast the sales for this product using simple linear

The figure below shows the product life cycle of a product. If you would like to forecast the sales for this product using simple linear regression, which of the following statements will be correct?

Linear regression will work best if the product is in growth or decline stage.

Linear regression will not work well for such a product.

Linear regression will work best if the product is in maturity stage.

Linear regression will work well regardless of the product stage.
Product Life Cycle

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