In Regression Analysis, the Variable We Are Trying to Explain

question 24

Multiple Choice

In regression analysis, the variable we are trying to explain or predict is called the:

• A) independent variable
• B) dependent variable
• C) regression variable
• D) statistical variable
• E) residual variable

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Definitions:

Dependency Exemption

A tax deduction allowed for a taxpayer to claim for those who depend on the taxpayer's financial support, such as children or relatives, reducing taxable income.

Standard Deduction

A fixed dollar amount that reduces the income you're taxed on, which varies according to your filing status.

Single Taxpayer

A tax filing status for individuals who are unmarried, divorced, or legally separated, and do not qualify for another filing status.

Situational Approach

A leadership framework which suggests that the most effective style of leadership is contingent upon the situation at hand.