In a Simple Regression Prediction Model,what Does B Represent

question 106

Multiple Choice

In a simple regression prediction model,what does B represent?

• A)dependent variable
• B)constant or intercept
• C)slope of the linear relationship between X and Y
• D)independent variable

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Definitions:

Price Elasticity

An evaluation of consumers' reaction in terms of the quantity of a good they demand when its price changes, indicating their price sensitivity.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a specific price over a given period of time.

Price Rise

An increase in the cost of goods or services, often influenced by factors like supply and demand, inflation, or production costs.

Supply Elasticity

The degree to which the supply of a commodity reacts to shifts in its market price.