A Researcher Is Studying the Effect of 10 Different Variables

question 64

Multiple Choice

A researcher is studying the effect of 10 different variables on a critical measure of business performance. In selecting the best set of independent variables to predict the dependent variable,the stepwise regression technique is used. How are variables selected for inclusion in the model?

• A)Highest increase in the multiple R²
• B)Largest p-value
• C)Smallest p-value
• D)Smallest regression coefficient

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Definitions:

Increasing

Describes a situation or quantity that is becoming larger or more in number over time.

Labor Productivity

The measure of economic output per unit input of labor, typically assessed as output per worker or per work hour.

High-Wage Nation

A country where the average salary and wages are significantly higher than the global average.

Compete Effectively

The ability of a company or entity to develop and implement strategies that secure an advantage over its competitors in a market.