Which of These Steps Is Not Used in a Regression

question 3

Multiple Choice

Which of these steps is not used in a regression analysis?

• A)Determining which assertions apply to which dependent variables
• B)Validate the prediction equation from a business logic point of view
• C)Validate the prediction equation from a statistics point of view
• D)Use the regression equation to make predictions for the data being currently audited

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Definitions:

Closing Entries

Transactions noted at the end of an accounting cycle for the purpose of transferring balances from temporary accounts to their permanent counterparts.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, thereby resetting the temporary accounts for the next period.

Post-Closing Trial Balance

A listing of all balance sheet accounts with balances after closing entries are made, used to verify the equality of debits and credits.

Current Ratio

A financial metric comparing a company's current assets to its current liabilities to assess liquidity.