________ Is a Simulation Model, Often Constructed Using Excel, Which

question 31

Multiple Choice

________ is a simulation model, often constructed using Excel, which calculates the relationships between many variables; users can change some variables to see how others are affected.

• A)Goal-seeking analysis
• B)What-if analysis
• C)Market basket analysis
• D)Data aggregation

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Definitions:

Predict Y Scores

The process of using a statistical model to estimate the values of the dependent variable based on the values of one or more independent variables.

X Scores

Often refers to the values of observations or data points in a dataset, particularly in the context of variables or scores on a test.

Independent Variable

The variable in an experiment or study that is manipulated or changed by the researcher to observe its effects on the dependent variable.

Predicted Variable

The outcome variable whose values are forecasted or estimated in regression analysis.