An Interaction Term in a Multiple Regression Model May Be

question 50

Multiple Choice

An interaction term in a multiple regression model may be used when

• A)the coefficient of determination is small.
• B)there is a curvilinear relationship between the dependent and independent variables.
• C)neither one of 2 independent variables contribute significantly to the regression model.
• D)the relationship between X₁ and Y changes for differing values of X₂.

---

Definitions:

Counteroffer

A response to an offer in negotiations that makes modifications to the initial offer.

Common Law

Common Law is a body of unwritten laws based on legal precedents established by the courts.

Mirror Image

A rule in contract law stating that an offer must be accepted exactly with no modifications; the acceptance must "mirror" the offer.

Mutual Assent

Mutual assent is the agreement between parties to enter into a contract, demonstrated by offer and acceptance.