Which of the Following Is NOT One of the Predictive

question 119

Multiple Choice

Which of the following is NOT one of the predictive variables chosen by the profitability regression model used by La Quinta Inns?

• A) the price of the inn
• B) median income levels
• C) the state population per inn
• D) the location of nearby colleges
• E) the number of inns in a region

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Definitions:

Least Squares Method

A mathematical technique used in regression analysis to minimize the sum of the squares of the differences between observed and predicted values.

Sum of Squares

A statistical measure that quantifies the total deviation of data points from their mean, often used in variance and standard deviation calculations.

Coefficient of Correlation

A statistical measure that calculates the strength and direction of the relationship between two variables.

Linear Relationship

A type of correlation where there is a constant rate of change between two variables.