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.

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Definitions:

Assortment

The variety of products or services offered by a company or available in a market.

Supply Chain/Logistics Manager

A professional responsible for overseeing and managing a company's supply chain and logistics strategy and operations to maximize efficiency and productivity.

Retailing

All of the business activities involved in the sales of goods and services to an end consumer for their personal, family, or household use.

Transporting

The process of moving goods or people from one location to another, typically using vehicles such as trucks, ships, or airplanes.