Parametric Predictive Analysis Can Be Used to Classify Qualitative Variables

question 22

Multiple Choice

Parametric predictive analysis can be used to classify qualitative variables into several groups. The processes might include:

• A) logistic regression.
• B) simple regression.
• C) vertical discriminate analysis.
• D) stratification and clustering techniques.

---

Definitions:

Income Mobility

The ability of individuals or families to move up or down the economic ladder within a society over time.

Economic Status

An individual's or area's financial condition and stability, often measured by income, employment, and wealth indicators.

Annual Income

The total amount of money earned by an individual or business in one year from all sources.

Work Effort

The amount of physical or mental energy used to perform a task or achieve an objective.