When the Predicted Value of the Response Variable Has to Be

question 26

Multiple Choice

When the predicted value of the response variable has to be found,in which of the following two models,is there a need for the standard error correction?

• A)Linear and Log-log
• B)Log-log and Logarithmic
• C)Logarithmic and Linear
• D)Log-log and Exponential

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Definitions:

Mean (μ)

The average of a set of numbers, calculated by dividing the sum of these numbers by the count of numbers in the set.

Standard Deviation (σ)

An indicator that evaluates the degree of scatter or inconsistency of data points around the mean of the dataset.

Normal Model

A statistical model that assumes the data follow a normal (Gaussian) distribution.

Cutoff Value

A specific point on the scale of measurement that separates data into distinct classes or groups.