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AGA GFMC Exam - Topic 4 Question 17 Discussion

An analyst has identified several variables that may be impacting state lottery ticket sales, including investments inadvertising, potential pay-out amounts and the size of lottery cards. Which of the following techniques would helpdetermine the extent to which each variable is impacting sales?
C) regression analysis
A) content analysis
B) cost-benefit analysis
D) narrative analysis
U) S. Census Bureau, Statistical Techniques for Economic Analysis.

AGA GFMC Exam - Topic 4 Question 17 Discussion

Actual exam question for AGA's GFMC exam
Question #: 17
Topic #: 4
[All GFMC Questions]

An analyst has identified several variables that may be impacting state lottery ticket sales, including investments in

advertising, potential pay-out amounts and the size of lottery cards. Which of the following techniques would help

determine the extent to which each variable is impacting sales?

Show Suggested Answer Hide Answer
Suggested Answer: C

Regression Analysis:

Regression analysis is a statistical technique used to examine the relationships between a dependent variable (e.g., lottery ticket sales) and one or more independent variables (e.g., advertising, potential payouts, size of lottery cards).

This method helps quantify the extent to which each variable impacts sales.

Explanation of Answer Choices:

A . Content analysis: Incorrect. This method is used to analyze qualitative data (e.g., text or media) rather than numerical relationships.

B . Cost-benefit analysis: Incorrect. This technique evaluates the costs and benefits of a decision but does not identify the relationships between variables.

C . Regression analysis: Correct. This technique determines the impact of multiple variables on a single outcome.

D . Narrative analysis: Incorrect. This is used to analyze stories or qualitative information, not numerical data.


Association of Government Accountants (AGA), Data Analytics and Predictive Techniques in Government.

Contribute your Thoughts:

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Regression analysis is definitely the way to go for this!
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Magnolia
5 days ago
I’m a bit confused about the options. Isn’t cost-benefit analysis more about evaluating financial outcomes rather than variable impacts?
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Miesha
10 days ago
This question reminds me of a practice one we did on sales forecasting. I believe regression analysis was the technique we used there too.
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Miles
15 days ago
I'm not entirely sure, but I remember something about content analysis being more qualitative, so it probably wouldn't fit this question.
upvoted 0 times
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Janella
2 months ago
I think regression analysis might be the right choice here since it helps in understanding relationships between variables.
upvoted 0 times
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