Which of the Following Statements Is True of Stepwise Regression

question 3

Multiple Choice

Which of the following statements is true of stepwise regression?

• A)In a stepwise regression, the dependent variable is regressed on each independent variable individually with an attempt to understand the effect of each independent variable on the dependent variable.
• B)In a stepwise regression, the dependent variable is regressed on different combinations of the independent variable with an attempt to come up with the best model.
• C)In a stepwise regression, the dependent variable can take up binary values only while the explanatory variables can take up quantitative values.
• D)In a stepwise regression, the dependent variable can take up quantitative values while the explanatory variables can take up only binary values.

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Definitions:

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Potential Customer

An individual or entity that is likely to be interested in a company's product or service but has not yet made a purchase.

Business Models

Frameworks that describe how a company creates, delivers, and captures value, in both economic, social, and other contexts.