_______________ Takes Both Binary and Interval Data and Produces Probabilities

question 33

Multiple Choice

_______________ takes both binary and interval data and produces probabilities of an outcome,such as purchase probabilities and market share projections,as functions of the marketing mix.

• A) The weighted least squares model
• B) Logistic regression
• C) The Breusch-Pagan model
• D) The discrete choice model

---

Definitions:

Principle of Neutrality

It refers to the economic principle that fiscal policy should not distort market behavior, aiming to maintain a neutral effect on economic choices.

Economic Decisions

Choices made by individuals, businesses, or governments regarding the allocation of resources to satisfy various needs and wants.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good buyers are willing to purchase at different prices.

Labor

The effort exerted by humans to produce goods and services in the economy.