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:

Economic Recovery

The process of overcoming a period of economic downturn or recession, characterised by a resurgence in business activity, employment, and output.

World Depression

A worldwide economic downturn, most notably the Great Depression of the 1930s, which had profound effects on global economies and societies.

Federal Government

The central authority of the United States, composed of the legislative, executive, and judicial branches, responsible for governing the country at a national level.

African-Americans

Citizens of the United States with total or partial ancestry from any of the black racial groups of Africa.