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

Analyze transactions in terms of their effects on accounts for accurate journal recording.

Recognize the chronological nature of the journal as a transaction record.

Identify the role of source documents in evidencing transactions.

Understand the correct order of debiting and crediting accounts in journal entries.

---

Definitions:

Production Function

A production function is an equation that relates the quantity of output produced to the quantities of inputs used in production.

Factors Of Production

The inputs or resources that are used in the process of producing goods and services, typically including labor, capital, land, and entrepreneurship.

Input

The resources, materials, or labor used in the production of goods and services.

Output

In economics, output refers to the total amount of goods and services produced by a company, sector, or economy within a certain period of time.