In a Simple Linear Regression Model, If You Found That

question 72

True/False

In a simple linear regression model, if you found that the true regression coefficient is significantly greater than zero, then you may also conclude that the two variables are positively correlated.

---

Definitions:

Prepaid Insurance

An expense paid in advance for insurance coverage, recorded as a current asset on the balance sheet until the coverage period elapses.

Posting Reference

A code or number used in ledger accounts that links journal entries to the specific accounts affected, facilitating traceability and audit processes.

Journal

A journal in accounting refers to a detailed record of all the financial transactions of a business, showing the debits and credits for each transaction.

Trial Balance

An accounting worksheet compiling all ledger balances into debit and credit columns that balance equally.