The Y-Intercept, β_0, in a Multiple Regression Model Represents the Estimated

question 29

Multiple Choice

The y-intercept, β_0, in a multiple regression model represents the estimated value of the ________ variable, when the value of all independent variables are ________.

• A) response, one
• B) dummy, zero
• C) response, zero
• D) dummy, one

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Definitions:

System

A set of interrelated components that function together towards achieving a particular goal or set of objectives.

Process Reengineering

The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical, contemporary measures of performance, such as cost, quality, service, and speed.

Control

The process of directing, regulating, or managing activities to achieve certain objectives.

Meeting Customer Needs

The process of identifying, understanding, and adequately fulfilling the requirements and expectations of customers.