In Evaluating Your Bivariate Regression Analysis Findings,you First Determine Whether

question 75

Multiple Choice

In evaluating your bivariate regression analysis findings,you first determine whether or not a linear relationship between the independent and dependent variable exists in the population and secondly you:

• A)determine the significance of the intercept and the slope.
• B)determine the significance of the covariation.
• C)determine if the two variables vary together.
• D)determine if the two variables belong in the same regression matrix.
• E)determine if the two variables predict the intercept and the slope.

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Definitions:

Price Level

An index that measures the average of current prices of goods and services in comparison with the prices in a base year.

Money Demand Curve

A graphical representation that shows the relationship between the quantity of money people want to hold and the interest rate.

Interest Rate

The sum, as a percentage of the principal, required by a lender from a borrower for the employment of assets.

Real GDP

Real GDP represents the total value of all goods and services produced over a specific time period, adjusted for inflation. It provides a more accurate measure of economic growth.