In a Linear Regression Model, the Variable (Or Variables) Used

question 41

Multiple Choice

In a linear regression model, the variable (or variables) used for predicting or explaining values of the response variable are known as the __________. It(they) is(are) denoted by x.

• A)dependent variable
• B)independent variable
• C)residual variable
• D)regression variable

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Definitions:

Variable Costs

Expenses that fluctuate based on the amount of products or services a company generates.

Net Income

Net Income is the total profit of a company after all expenses and taxes have been deducted from revenue.

Variable Costs

Costs that vary in proportion to the level of production or business activity.

Fixed Costs

Expenses that do not change with the amount of goods or services produced over a short period.