In Multiple Regression,the Constant

question 28

Multiple Choice

In multiple regression,the constant

• A)is the expected value of the dependent variable Y when all of the independent variables have the value zero.
• B)is necessary to fit the multiple regression line to set of points.
• C)must be adjusted for the number of independent variables
• D)is all of these options.

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Definitions:

FIFO

"First-In, First-Out," an inventory valuation method assuming goods are sold in the order they are acquired, affecting the cost of goods sold and ending inventory.

Average-cost Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all similar items available during the period.

Cost of Goods Sold

The specific costs incurred during the manufacturing of a company's merchandise for sale.

Inventory

The raw materials, work-in-process products, and finished goods considered to be the portion of a business's assets that are ready or will be ready for sale.