Simple Linear Regression Uses What Level of Measurement

question 32

Multiple Choice

Simple linear regression uses what level of measurement?

• A) categorical
• B) nominal
• C) ordinal
• D) continuous

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Definitions:

Quantity Demanded

The complete volume of a good or service that consumers are prepared and able to buy at a certain price point.

Quantity Supplied

The quantity of a product or service that sellers are prepared to offer for sale at a set price during a particular timeframe.

Corn-Based Ethanol

An alternative fuel derived from fermenting and distilling starch crops like corn, used primarily to reduce petroleum use, decrease greenhouse gas emissions, and promote agricultural jobs.

Production

The process of creating goods or services.