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:

End-user Consumers

Individuals who are the final users of products or services, typically distinguished from intermediaries or resellers.

Subsector

A division of a larger sector or industry, often defined by specific characteristics or types of activities.

NAICS

The North American Industry Classification System, a standard used by federal statistical agencies to classify business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy.

Derived Demand

The demand for a product or service that arises not from the direct need or desire for that product, but rather from the demand for another good or service.