In Regression Analysis, the ANOVA Table Analyzes

question 15

Multiple Choice

In regression analysis, the ANOVA table analyzes:

• A) the variation of the response variable Y
• B) the variation of the explanatory variable X
• C) the total variation of all variables
• D) all of these choices

---

Definitions:

Supply Shifts

Supply shifts refer to changes in the supply curve caused by factors other than price, such as technology, production costs, and supplier expectations, leading to different quantities being supplied at the same price.

Surplus

The situation in which the quantity of a good or service supplied exceeds the quantity demanded, often leading to lower prices.

Unregulated Market

A market where economic activities operate without direct governmental control, often resulting in high competition and consumer choice but potentially also in market failures.

Price Fall

A decrease in the cost of goods or services in the market, often leading to increased consumer demand.