Which Is True? I. Random Scatter in the Residuals Indicates a Model with a Model

question 45

Multiple Choice

Which is true?
I. Random scatter in the residuals indicates a model with high predictive power.
II. If two variables are very strongly associated, then the correlation between them will be near +1.0 or -1.0.
III. The higher the correlation between two variables the more likely the association is based in cause and effect.

• A) I only
• B) none
• C) II only
• D) I, II, and III
• E) I and II only

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Definitions:

Temporal Effects

The impact of time on consumer behavior, including how seasonal, daily, or time-of-day factors influence buying decisions.

Situational Influence

The impact of environmental factors and specific situations on consumers' behavior and decision-making process.

Physical Surrounding

The physical environment in which a service or retail interaction takes place, influencing customer perceptions and experiences.

Credit Cards

Payment cards issued to users as a method of payment, allowing the cardholder to borrow funds with the promise to pay back the borrowed amount plus any agreed fees.