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Questions and Answers
Regression analysis is used to
Regression analysis is used to
- Calculate the average value of the dependent variable
- Determine the relationship between dependent and independent variables (correct)
- Identify the most powerful predictor of the dependent variable
- Predict the future revenues of a company
Which of the following is an independent variable in the given scenario?
Which of the following is an independent variable in the given scenario?
- The company's future revenues
- The consumer's age (correct)
- The total amount of loans still owed
- The amount spent on credit cards
What does regression analysis help determine?
What does regression analysis help determine?
- The probability of an event occurring
- The average value of the dependent variable
- The standard deviation of the independent variable
- The relationship between dependent and independent variables (correct)
Which of the following is NOT a benefit of regression analysis?
Which of the following is NOT a benefit of regression analysis?
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What does the dependent variable represent in regression analysis?
What does the dependent variable represent in regression analysis?
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