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irinina [24]
3 years ago
7

A good regression model has the fewest number of explanatory variables providing an adequate interpretation of the dependent var

iable. True or False
Business
2 answers:
Lilit [14]3 years ago
6 0

Answer:

True

Explanation:

Firstly, we need to understand what a regression model is?

A regression model is a mathematical tool that is used to show the extent of agreement between the dependent and the independent. To show the extent of this agreement, it tends to take into consideration several independent variable that affect the dependent variable.

The regression model can be based on one independent variable or several independent variables. When based on one independent variable, this is a simple linear regression model. If it is a case where we are considering more than one independent variable, it is a multiple regression model.

Now a very good regression model will take into account the fewest number of dependent Batman

artcher [175]3 years ago
6 0

Answer: True

Explanation:

A regression model is used to determine the relationship between two or more variables and estimate one variable based on the others.

In statistical modeling, regression analysis is a set of statistical processes for estimating the relationships between a dependent variable and one or more independent variables.

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Phoenix [80]

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4 0
3 years ago
John's friend just gave him a pair of concert tickets to see his favorite rock group perform this weekend. Each ticket sells for
Len [333]

Answer:

$80 lost for not working

Explanation:

Opportunity cost refers to the sacrificed benefits as a result of preferring on a particular option over another. As people make choices, the forfeit one option in favor of another. Opportunity cost is the missed value of the next best alternative.

For John, he has a choice between working or going to the concert.  He has two tickets worth $50. Working would mean her twice her regular income, which is $20 per hour. If he works for four hours, his total earning will be $80. If John chooses to go to the concert, he will miss the opportunity to earn $80. The opportunity cost will be the missed $80 that he would have received from working.

6 0
3 years ago
Green Cleaners Inc., a U.S.-based company that specializes in environmentally-friendly cleaning supplies, has production facilit
Anettt [7]

Answer: MULTINATIONAL

Explanation: MULTINATIONAL ENTERPRISE is any Enterprise that has its presence and does business in two or more countries. The presence can be in the form of Production facilities, Marketing facilities,joint ventures or even Franchise etc

Companies like Green Cleaners Inc., a U.S. company which has expanded to Spain and Poland are multinationals. Multinational organizations or enterprises have huge capital base through which they are able to acquire properties abroad.

3 0
3 years ago
When the price level decreases: Group of answer choices The demand for money falls and the interest rate falls Holders of financ
rodikova [14]

Answer:

The answer is A. demand for money falls and the interest rate falls

Explanation:

The demand for money is the amount of money or amount of wealth households or businesses choose to hold in the form of money(cash or cash-equivalent).

When the price level decreases, the purchasing power of consumers increases, so consumers' demand for money will be reduced or lower. The transactional demand for money will be reduced.

Also when price level decreases, interest rate falls. Because the purchasing power of consumers has been increased, the excess money will be kept in banks and the increases the money supply. So with an increase in money supply, interest rate will be reduced to encourage borrowing.

3 0
3 years ago
Read 2 more answers
What is the difference between patronizing your favorite store and patronizing your little brother?
Ugo [173]
Patronizing a store means helping it buy going there often, and basically buying things often and consequently giving it money.. 

Patronizing a little brother means behaving condescendingly towards, a kind of master-slave relationship... One should never do that... 


3 0
3 years ago
Read 2 more answers
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