Which of the Following Statements Is True

question 115

Multiple Choice

Which of the following statements is true?

• A)When using a simple linear regression analysis model for prediction purposes,the potential error in the forecast will be less when the value of x used to forecast y is closer to .
• B)The accuracy of the regression forecast is improved if the standard error for the regression slope coefficient is reduced.
• C)The use of regression analysis as a means of predicting the value for a dependent variable is not impacted by sampling error since the regression model uses all sample data to arrive at the regression model.
• D)None of the above.

---

Definitions:

Countercyclical Payments

These are payments made by the government to producers, primarily in the agriculture sector, to buffer them against falling market prices and to support income stability across economic cycles.

Food, Conservation, And Energy Act

Also known as the 2008 Farm Bill, it's legislation focusing on agriculture policy, including food aid, conservation, and energy.

Freedom To Farm Act

A U.S. federal law enacted in 1996 aimed at allowing farmers more freedom in the planting choices for their subsidized crops, moving away from a system of rigid crop-specific subsidy payments.

Ethanol Program

Government initiatives aimed at promoting the use of ethanol, a renewable fuel made from corn and other plant materials, to reduce reliance on fossil fuels.