A Variable Used in Regression Analysis That Represents the Presence

question 30

Multiple Choice

A variable used in regression analysis that represents the presence or absence of a condition,e.g. ,seasonality,is called a (n) :

• A)Random variable.
• B)Dummy variable.
• C)Extraneous variable.
• D)Correlating variable.
• E)Redundant variable.

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Definitions:

Financial Condition

A description of an entity's financial status, including assets, liabilities, and equity at a specific point in time.

Service Charge

Fees charged for services provided, typically by banks or other financial institutions, which may include account maintenance or transaction fees.

Credit Card

A credit card is a payment card issued by financial institutions that allows cardholders to borrow funds within an agreed limit for purchases or cash advances.

Journal Entry

A journal entry is a record in accounting that logs a transaction in the financial statements of a business.