The Increase in Validity When a New Source of Prediction

question 37

Multiple Choice

The increase in validity when a new source of prediction is added to other sources is known as

• A) predictive validity
• B) incremental validity
• C) concurrent validity
• D) regression enhancement

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Definitions:

Income Tax

A tax levied by governments on individuals' or entities' income, used to fund public services and governmental activities.

Taxes

Compulsory financial charges or levies imposed by a government on individuals or entities to fund public expenditures.

Average Tax Rate

The average tax rate is the ratio of the total amount of taxes paid to the total tax base (taxable income or spending), essentially reflecting the percentage of income that goes to taxes.

Total Taxes

refer to the comprehensive amount of taxes (federal, state, local) levied on individuals, corporations, and other entities within a fiscal period.