When Determining Whether to Include or Exclude a Variable in Regression

question 60

Multiple Choice

When determining whether to include or exclude a variable in regression analysis,if the p-value associated with the variable's t-value is above some accepted significance value,such as 0.05,then the variable:

• A) is a candidate for inclusion
• B) is a candidate for exclusion
• C) is redundant
• D) not fit the guidelines of parsimony

---

Definitions:

Division Of Labour

The assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.

Social Relations

Connections or interactions between individuals or groups, influencing the way societies form and individuals' positions within them.

Scientific Management

A management theory focused on improving efficiency and productivity through systematic study and analysis of work processes.

Mass Production

The manufacturing of large quantities of standardized products, often using assembly lines or automated technology.