With Stepwise Multiple Regression Output,information on Independent Variables Is Taken

question 57

True/False

With stepwise multiple regression output,information on independent variables is taken out of the multiple regression equation based on nonsignificance.However,researchers must remember that SPSS stepwise multiple regression will not take into account the VIF statistic.

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Definitions:

Price Ceiling

A maximum price sellers are allowed to charge for a good or service; a form of price control.

Excise Tax

is a tax applied to specific goods or services, such as alcohol or tobacco, usually with the aim of reducing consumption or raising revenue.

SUVs

Sport Utility Vehicles, a category of motor vehicles which combine elements of road-going passenger cars with features from off-road vehicles.

Excise Tax

A tax levied on specific goods, services, or transactions, often included in the price of items such as gasoline, alcohol, and tobacco.