Which of the Following Statements Is Correct

question 5

Multiple Choice

Which of the following statements is correct?

• A) An ordinal variable with three or more categories can be the dependent variable in regression.
• B) An interval/ratio variable with three or more categories can be the dependent variable in regression.
• C) Both "a" and "b" are correct.
• D) None of the above is correct.

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Definitions:

Mean Absolute Percentage Error

A measure used to evaluate the accuracy of forecasting models, expressing the average absolute percent error between predicted and observed values.

Sales Details

Specific pieces of information related to the transactions of sales, including quantities sold, prices, dates, and customer data.

Game Sales

The total revenue generated from the sale of video games within a specified period.

Weighted Average Model

A mathematical method that takes into account different weights or importance levels assigned to various components or data points when calculating the average.