A Decision Maker Is Considering Including Two Additional Variables into a Regression

question 131

Multiple Choice

A decision maker is considering including two additional variables into a regression model that has as the dependent variable, Total Sales. The first additional variable is the region of the country (North, South, East, or West) in which the company is located. The second variable is the type of business (Manufacturing, Financial, Information Services, or Other) . Given this, how many additional variables will be incorporated into the model?

• A) 2
• B) 6
• C) 8
• D) 9

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Definitions:

Evidence-Based Leadership

Leadership approach grounded in clear, empirical evidence and well-researched strategies to make informed decisions.

Common Sense

The basic level of practical knowledge and judgment that we all need to help us live in a reasonable and safe way.

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