Which of the Following Statements About Prediction Is True

question 8

Multiple Choice

Which of the following statements about prediction is true?

• A)Simple linear regression can predict possible changes in A, given b.
• B)Multicollinearity is used to provide definitive attribution in predicting dependent variables with similar outcomes.
• C)Multiple regression can provide information about the strongest predictors, C, D, E, and F, associated with an outcome variable g.
• D)Odds ratio is used to predict the likelihood of a dichotomous event, in the light of a different dichotomous variable
• E)Logistic regression is used to predict a dichotomous variable, using a variety of other variables.
• F)Cox hazard regression can predict the likelihood of an event occurring at certain points in time.

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Definitions:

Market Wage Rate

The prevailing rate of pay for a specific job in a given labor market.

Factor Demand Curve

Graphical representation showing the quantity of a factor of production demanded at different prices for that factor.

Good Produces

The output or products manufactured or produced by a business, industry, or economy.

VMPL

The Value of Marginal Product of Labor, which represents the additional value created by employing one more unit of labor, assuming other factors remain constant.