A Real Estate Appraiser Is Developing a Regression Model to Predict

question 53

Multiple Choice

A real estate appraiser is developing a regression model to predict the market value of single-family residential houses as a function of heated area, number of bedrooms, number of bathrooms, age of the house, and central heating (yes, no) .The "central heating" variable in this model is _______.

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

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Definitions:

Income Statement

A financial statement that shows a company's revenue and expenses over a specific period, usually resulting in a net profit or loss.

Retained Earnings

The portion of net earnings not distributed to shareholders as dividends but retained by the company to be reinvested in its core business or to pay debt.

Accounts Payable

Money owed by a company to its creditors or suppliers for goods and services that have been received but not yet paid for.

Debit Entry

An accounting entry that increases an asset or expense account, or decreases a liability, equity, or revenue account.