Forward Regression

question 17

Multiple Choice

Forward regression

• A)begins with all potential explanatory variables in the equation and deletes them one at a time until further deletion would do more harm than good.
• B)adds and deletes variables until an optimal equation is achieved.
• C)begins with no explanatory variables in the equation and successively adds one at a time until no remaining variables make a significant contribution.
• D)randomly selects the optimal number of explanatory variables to be used.

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Definitions:

Implementation Phase

The stage in a project or plan where strategies are executed and the theoretical models are turned into practical actions.

Time-Based Agenda

A plan or schedule that allocates specific tasks or events to particular times, emphasizing efficiency and punctuality.

Action Item List

A document or tool that identifies tasks that must be accomplished, often organized by priority and responsible party.

Marketing ROI

Marketing ROI, or Return on Investment, measures the efficiency and profitability of investment in marketing activities, comparing the gain from these activities to their cost.