A Real Estate Agent Is Developing a Regression Model to Predict

question 29

Multiple Choice

A real estate agent is developing a regression model to predict the market value of single family residential houses as a function of heated area, number of bedrooms, number of bathrooms, age of the house, and central heating (yes, no) .The response variable in this model is ___.

• A)heated area
• B)number of bedrooms
• C)market value
• D)central heating
• E)residential houses

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Definitions:

Referent

An individual or group that someone relates to or identifies with, often used as a standard for comparison in social psychology.

Referent Power

A form of influence based on the leader's personal traits and the followers' identification with, attraction to, or admiration for the leader.

Critical

Characterized by a tendency to question, evaluate, and analyze issues thoroughly before accepting them as true or making decisions.

Unusual

signifies something that is not common, ordinary, or expected, often attracting attention due to its distinctiveness.