Forward Regression

question 17

Multiple Choice

Forward regression

• A)begins with all potential explanatory variables in the equation and deletes them one at a time until further deletion would do more harm than good.
• B)adds and deletes variables until an optimal equation is achieved.
• C)begins with no explanatory variables in the equation and successively adds one at a time until no remaining variables make a significant contribution.
• D)randomly selects the optimal number of explanatory variables to be used.

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Definitions:

President

The elected head of a republican state or the executive leader of an organization, company, club, or other governing body.

New York Fed

A key component of the Federal Reserve System, responsible for regulating and implementing monetary policy in the Federal Reserve District of New York.

FOMC

The Federal Open Market Committee, which is responsible for setting monetary policy in the United States, including interest rates and money supply targets.

Federal Reserve Board Governors

Members of the board that oversees the Federal Reserve System, responsible for setting monetary policy, including interest rates, in the United States.