When an Additional Explanatory Variable Is Introduced into a Multiple

question 120

True/False

When an additional explanatory variable is introduced into a multiple regression model,the coefficient of determination will never decrease.

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Definitions:

Home Countries

Refers to the countries where multinational corporations are headquartered.

Implicit Costs

Expenses that are not directly paid for or incurred in cash, representing the opportunity cost of using resources owned by the business.

International Migrants

Individuals who move from their country of origin to another country, aiming to settle temporarily or permanently in the new country.

Labor Immigration

The movement of people from one country to another primarily for employment opportunities.