Which of the Following Is True About Multiple Regressions

question 30

Multiple Choice

Which of the following is true about multiple regressions?

• A)It allows the use of one predictor when predicting an outcome.
• B)It works only on variables that are at the interval or ratio level.
• C)The higher the correlation between variables the greater the regression.
• D)Regression is done in the form of an equation.

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Definitions:

Market Price

The present cost at which a product or service is available for purchase or sale in the marketplace.

Profit

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Industry Supply

The total output of goods or services that firms in a specific industry are willing and able to sell at various prices, over a certain period.

Industry Demand

The total demand for all the products or services produced by a particular industry.