In Any Regression Model,there Is an Implicit Assumption That a Relationship

question 71

True/False

In any regression model,there is an implicit assumption that a relationship exists between the variables.

---

Definitions:

Fixed Costs

Expenses that do not change with changes in the volume of production or sales, such as rent or salaries.

Contribution Margin

The difference between the sales revenue of a product and its variable costs, indicating how much contributes to covering fixed costs and generating profit.

Unprofitable Segment

An unprofitable segment is a division or part of a business that consistently generates losses instead of profits.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.