A Market Analyst Is Developing a Regression Model to Predict

question 44

Multiple Choice

A market analyst is developing a regression model to predict monthly household expenditures on groceries as a function of family size, household income, and household neighborhood (urban, suburban, and rural) .The "income" variable in this model is ____.

• A)an indicator variable
• B)a response variable
• C)a qualitative variable
• D)a dependent variable
• E)an independent variable

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Definitions:

Compensation Decisions

Refers to the process by which an organization decides the amount and type of remuneration to offer its employees.

Promotions

A process in which an employee is moved to a higher position within the company, typically involving increased responsibilities and pay.

Reliable

Pertaining to the consistency and dependability of something or someone, particularly in performing functions or yielding results.

Consistent

indicates uniformity in actions or outcomes over a period of time, often used to describe reliability and predictability in performance or results.