A Researcher Is Studying the Effect of Ten Different Variables

question 107

Multiple Choice

A researcher is studying the effect of ten different variables on a critical measure of business performance. In selecting the best set of independent variables to predict the dependent variable, a forward selection method is used. How are variables selected for inclusion in the model?

• A) Highest increase in the multiple R².
• B) Largest p-value.
• C) Smallest p-value.
• D) Smallest regression coefficient.

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Definitions:

Action Identification Theory

A psychological theory that examines how individuals understand and conceptualize their actions, ranging from low-level details to high-level purposes.

Possible Losses

Potential negative outcomes or detriments that could occur as a result of a decision or action.

Possible Gains

Refers to the potential benefits or positive outcomes that might be achieved in a certain situation.

Tradeoffs

The balancing act of giving up one thing to gain another, often used in discussions about decision-making processes.