The Variable Selection Procedure That Identifies the Best Regression Equation

question 5

Multiple Choice

The variable selection procedure that identifies the best regression equation, given a specified number of independent variables, is _____.

• A) stepwise regression
• B) forward selection
• C) backward elimination
• D) best-subsets regression

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Definitions:

Self-Serving Bias

A cognitive bias that involves taking personal credit for success while blaming external factors for failures.

Bystander Effect

A social psychological phenomenon in which individuals are less likely to offer help to a victim when other people are present.

Actor-Observer Effect

The tendency to attribute one's own actions to external factors, while attributing others' actions to their personality.

Primacy Effect

The psychological phenomenon whereby the first items presented in a list are remembered more easily than those in the middle.