In Regression Analysis, If the Dependent Variable Is Measured in Dollars

question 94

Multiple Choice

In regression analysis, if the dependent variable is measured in dollars, the independent variable

• A) must also be in dollars.
• B) must be in some units of currency.
• C) can be measured in any units.
• D) cannot be in dollars.

---

Definitions:

Domestic Economy

The economy encompassing all economic activities within a country's borders.

Foreign Economies

The economic systems and markets outside of a country's own borders.

Parity Ratio

A measure used to compare the value of one form of a commodity (e.g., agricultural produce) to another, often with respect to trade or exchange rates.

Indices

Statistical measures that track changes in a representative group of individual data points, often used to assess economic and financial performance.