Examlex
It has been hypothesized that overall academic success for freshmen at college as measured by
Grade point average (GPA) is a function of IQ scores (X1) , hours spent studying each week (X2) , and
One's high school average (X3) . Suppose the regression equation is:
Y' = -6.9 + 0.055X1 + 0.107X2 + 0.0083X3.
The multiple standard error is 6.313 and R2 = 0.826.For which independent variable does a unit
Change have the greatest effect on the GPA?
Competition
The rivalry among businesses to attract customers and achieve market superiority by offering better goods, services, or prices.
Fellow Consumers
Other customers who purchase and use the same products or services, whose opinions and behaviors can influence individual buying decisions.
Business Environment
The combination of external and internal factors that influence a company's operating situation, including economic, legal, technological, and social aspects.
Potential Opportunities
Prospects or chances that could be developed into actual or beneficial situations in the future.
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