A Market Analyst Is Developing a Regression Model to Predict

question 83

Multiple Choice

A market analyst is developing a regression model to predict monthly household expenditures on groceries as a function of family size, household income, and household neighborhood (urban, suburban, and rural) .The "neighborhood" variable in this model is ______.

• A)an independent variable
• B)a response variable
• C)a quantitative variable
• D)a dependent variable
• E)a constant

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Definitions:

Outside Opinion

Perspectives or advice coming from individuals not directly involved in a situation or issue.

Pressure To Conform

The social influence that encourages individuals to match their attitudes, beliefs, or behaviors to group norms.

Groupthink

A phenomenon in social gatherings where the quest for accord or conformity fosters the development of decisions that are unsound or maladaptive.

Critical Ideas

Fundamental concepts or opinions that are considered important for understanding or analyzing a particular field or phenomena.