True or False: Two Simple Regression Models Were Used to Predict

question 58

True/False

True or False: Two simple regression models were used to predict a single dependent variable.
Both models were highly significant, but when the two independent variables were placed in the
same multiple regression model for the dependent variable, R2 did not increase substantially and
the parameter estimates for the model were not significantly different from 0.This is probably an
example of collinearity.

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Definitions:

Independent Contractors

Individuals or entities hired to perform specific tasks or services for another entity under a contract, but who retain control over how those services are executed.

Constructive Notice

A legal concept where a person is deemed to have legal notice of a fact, even if they were not directly informed, often through public records.

Agency Relationship Law

Legal principles that govern the relationship between an agent, who acts on behalf of another person (the principal), and the principal, detailing duties, rights, and liabilities.

Actual Notice

Directly being informed about something or being aware of a fact or situation.