Which of the Following Iterative Search Procedures for Model Building

question 28

Multiple Choice

Which of the following iterative search procedures for model building in a multiple regression analysis starts with all independent variables in the model and then drops nonsignificant independent variables in a step-by-step manner?

• A)backward elimination
• B)stepwise regression
• C)forward selection
• D)all possible regressions
• E)backward selection

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Definitions:

Insurance Company

An insurance company is a financial institution that provides a range of insurance products to protect individuals and businesses against risk.

Homeowners

Individuals or entities who possess ownership rights to a residential property.

Insurance Company

A financial institution that provides a range of insurance products to protect individuals and businesses against risk in exchange for premium payments.

Claims

Assertions or demands for something due or believed to be due, often used in the context of insurance or legal cases.