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

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Definitions:

Media Preferences

The individual choices or tendencies regarding consumption of different types of media content, including television, radio, newspapers, and digital platforms.

Outdoor Advertising

Marketing efforts that use outdoor signs and displays, such as billboards, banners, and posters, to promote products or services to a broad audience.

Consumer Purchases

Transactions where individuals or households buy goods and services for personal use.

Personal Influence

indicates the effect an individual's characteristics, behaviors, or opinions have on others' attitudes or actions.