Which of the Following Can Explain an Increase in the Demand

question 70

Multiple Choice

Which of the following can explain an increase in the demand for housing in retirement communities?

• A) A drop in real estate prices
• B) An increase in the population of the elderly
• C) A drop in the average age of retirees
• D) Mandatory government legislation

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Definitions:

Regression Line

A line of best fit through a set of data points in statistical modeling, showing the relationship between the independent and dependent variables.

Dependent Variable

The variable in an experiment or study that is expected to change in response to changes in the independent variable.

Regression Model

A statistical technique used to predict the value of a dependent variable based on one or more independent variables.

Intercept Term

A constant in a regression model that represents the value of the dependent variable when all independent variables are zero.