In Simple Linear Regression Analysis, If the Independent Variable X

question 21

True/False

In simple linear regression analysis, if the independent variable x and the dependent variable y are highly correlated, this does not only mean that they are linearly related, but it also means that a change in x will cause a change in y.

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Definitions:

Brand Loyalty

The tendency of consumers to continuously purchase the same brand's products or services over time.

Product Attributes

Characteristics or features of a product, including quality, size, design, and functionality, that can influence consumer purchases.

Decision Process

The decision process is a series of steps that individuals or groups take to identify and evaluate options before making a choice among them.

Transportation Strike

A cessation of work by employees in the transportation sector, aiming to protest working conditions or advocate for higher wages, significantly impacting public and cargo transport.