If the Dependent Variable in a Regression Model Is Continuous

question 60

Multiple Choice

If the dependent variable in a regression model is continuous interval data,the analysis should employ

• A) multiple linear regression
• B) binary regression
• C) Poisson or count regression
• D) multinomial regression
• E) ordinal regression

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Definitions:

Output Increase

The rise in the quantity of goods or services produced by a company or economy over a certain period.

Long-run Cost Structure

The pattern of costs that a firm faces over a long period when it is free to adjust all of its input levels, including investment in new plant and equipment.

Competitive Industry

An industry characterized by many firms offering similar or slightly differentiated products, leading to a high degree of competition and typically lower prices.