Which of the Following Best Describes the Regression Approach to Data

question 33

Multiple Choice

Which of the following best describes the regression approach to data analytics?

• A) An attempt to estimate or predict, for each unit, the numerical value of some variable using some type of statistical model.
• B) An attempt to predict a relationship between two data items.
• C) An attempt to divide individuals into groups in a useful or meaningful way.
• D) An attempt to discover associations between individuals based on transactions involving them.

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Definitions:

FVTPL

Fair Value Through Profit or Loss, a classification under International Financial Reporting Standards for financial assets held for trading or designated upon initial recognition as measured at fair value, with changes in fair value recognized in profit or loss.

FVTOCI

stands for Fair Value Through Other Comprehensive Income, a classification under IFRS for financial assets that are measured at fair value with fluctuations recorded in other comprehensive income.

Share Price

The price at which a single share of a company's stock is bought or sold in the market.

ASPE

Accounting Standards for Private Enterprises, a set of accounting practices and principles for private companies in Canada.