In Stepwise Regression Procedure, the Independent Variable with the Largest

question 59

Multiple Choice

In stepwise regression procedure, the independent variable with the largest F-statistic, or equally with the smallest p-value, is chosen as the first entering variable. The standard, also called the F-to-enter, is usually set at F equals:

• A) 4
• B) 2
• C) 5
• D) 0
• E) 1

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Definitions:

Support Price

A price level set by governments in order to stabilize or increase prices of specific goods by buying up the supply or providing subsidies.

Demand Curve

A graphical representation showing the relationship between the price of a good and the amount of that good consumers are willing to buy.

Support Price

A price level set by governments in order to maintain the market price of a good or service at a particular minimum level to protect producers.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service versus what they actually pay, measuring the benefit to consumers from participation in the market.