All of the Following Are True,with the Exception of One

question 32

Multiple Choice

All of the following are true,with the exception of one condition:

• A)a high R2 or does not mean that the regressors are a true cause of the dependent variable.
• B)a high R2 or does not mean that there is no omitted variable bias.
• C)a high R2 or always means that an added variable is statistically significant.
• D)a high R2 or does not necessarily mean that you have the most appropriate set of regressors.

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Definitions:

Projection Forecast Method

A technique used to predict future trends based on historical data and analysis.

Delphi Technique

A forecasting method involving a panel of experts who anonymously answer questionnaires in multiple rounds, with the responses used to refine the next round of questions.

HR Demand

The projected need for human resources in an organization, based on future business activities and strategies.

Human Resource Forecasting

The process of estimating the future human resource needs of an organization, including the number and types of employees required.