Figure 8-2a -Figure 8-2a Above Shows the Two Main Types of Data.If

question 52

Multiple Choice

Figure 8-2a
-Figure 8-2a above shows the two main types of data.If "A" represents the facts and figures that are newly collected for the project,which type of data is "A?"

• A) internal primary data
• B) secondary data
• C) external primary data
• D) primary data
• E) internal secondary data

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Definitions:

Second-order Model

A statistical or mathematical model that includes not only the main effects but also their interactions and quadratic terms, enabling the capture of curvature in the data relationships.

First-order Model

A model in statistical analysis where the current value of a variable is primarily based on its immediate previous value, often used in time series analysis.

Predictor Variable

A variable used in statistical modeling to predict or forecast the outcome of an interest variable.

Regression Equation

A mathematical formula that describes the relationship between one dependent variable and one or more independent variables.