Which of the Following Regression Models Is Used to Model

question 44

Multiple Choice

Which of the following regression models is used to model a nonlinear relationship between the independent and dependent variables by including the independent variable and the square of the independent variable in the model?

• A)a multiple regression model
• B)quadratic regression model
• C)a simple regression model
• D)a least squares regression model

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Definitions:

Planning Budget

A budget prepared for a particular level of activity, often used as a benchmark for evaluating actual performance.

Selling

The process of promoting and transferring goods or services to the customer in exchange for payment.

Administrative Expenses

Costs related to the general management and administration of a business, such as office salaries and utilities.

Food and Supplies

Items necessary for operating a service such as a restaurant, including both consumable goods (food) and non-consumable items (supplies).