Identify the Explanatory Variable and the Response Variable

question 52

Short Answer

Identify the explanatory variable and the response variable.
-An agricultural business wants to determine if the rainfall in inches can be used to predict the yield per acre on
a wheat farm.

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Definitions:

Functional Approach

A methodology in business or research that focuses on the specific roles and activities within a system or organization.

Universal Process Approach

A methodology that assumes all businesses undergo similar processes and therefore can be improved or optimized through a set of standardized practices.

Behavioral Approach

A study or method focusing on observable behaviors and the ways in which learning occurs through interactions with the environment.

Risky R&D

Research and development activities characterized by high levels of uncertainty and potential for failure, but also the possibility of significant rewards.