In Linear Regression, If 'X' Is the Year (Year 1

question 33

Multiple Choice

In linear regression, if 'X' is the year (Year 1, 2, 3… and so on) , how would you calculate future claims?

• A)Future claims = X + Slope + Intercept
• B)Future claims = Slope + Intercept * X
• C)Future claims = (Slope + Intercept)/X
• D)Future claims = Intercept + Slope * X
• E)Future claims = (Intercept + Slope) * X

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Definitions:

Average Tax Rate

The percentage of the total income that is paid as taxes, calculated by dividing the total amount of taxes paid by the taxpayer's total income.

Personal Income

The total amount of income received by an individual or household from all sources before taxes and deductions.

Marginal Tax Rate

The rate at which the last dollar of a person's income is taxed.

Personal Income

The total amount of income earned by individuals, including wages, salaries, investments, and other sources before taxes.