A(n) ____________ Refers to a Model Input That Can Be

question 49

Multiple Choice

A(n) ____________ refers to a model input that can be controlled in a spreadsheet model.

• A)decision variable
• B)outlier
• C)parameter
• D)dummy variable

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Definitions:

Explanatory Variable

A variable in statistical modeling that is posited to cause or influence changes in a response variable; also known as an independent variable.

Degrees Of Freedom

The number of independent values or quantities which can vary in the calculation without violating any constraints.

SSE

Stands for Sum of Squares due to Error, a measure used in statistics to quantify the variation within a data set.

Error Sum Of Squares

A measure of the discrepancy between the observed and predicted values in a statistical model, reflecting the unexplained variation by the model.