All categories

3 years ago

When should a variable be included in the regression?

Business

1 answer:

spayn [35]3 years ago

5 0

Answer:

The variable should be included or excluded based on its significance.

True

Explanation:

Multicollinearity affect independent variables which are correlated. These effect the regression model equation and would increase the deviation error. The standard error is incorporated in the calculation by the variance. When multicollinearity is not included in the population then the variance error will be minimum.

You might be interested in

Cardboard is an example of which type of economic resource?

blsea [12.9K]

<h3>Answer;</h3>

A capital resource

<h3>Explanation;</h3>

Economic resources are the factors used in producing goods or providing services. That is, they are the inputs that are used to create things or help an individual to provide services.
Economic resources can be divided into human resources, such as labor and management, and nonhuman resources, such as land, capital goods, financial resources, and technology. There are four types, namely; capital, labor, land, and entrepreneurship.
Capital resources are those resources that are used to manufacture other goods and services in future.

3 0

3 years ago

What do pre-teen ducks hate? will mark brainiest for right answer! think hard.

icang [17]

Answer:

pre teen ducks hate voice quacks

3 0

3 years ago

Product Pricing: Single Product Presented is the 2017 contribution income statement of Grafton Products. GRAFTON PRODUCTS Contri

hodyreva [135]

Answer:

a)647,000

b)658,000 yes as increase net income

c) 2,480,000

Explanation:

a) current net income : 842,000

less 13,000 x 12 increce in variable manufacturing (156,000)

less increase in fixed MO (39,000)

647,000

Sales 3,200,000 (16,000 x 200)

Variable (1,408,000) 988,000x16,000/13,000 + 156,000

Contribution 1,792,000

Fixed MO (819,000)

Fixed S&A (315,000)

Net Income 658,000

$\frac{Fixed\:Cost + Target \: Profit}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}$

$\frac{Contribution \: Margin}{Sales \: Revenue} = Contribution \: Margin \: Ratio$

1,792,000 / 3,200,000 = 0.56

$\frac{1,134,000 + 254,800}{0.56} = Break\: Even\: Point_{dollars}$

4 0

4 years ago

24. On January 15, 2015, the accounts receivable balance was $7,000 and the balance in the allowance for doubtful accounts was $

Sati [7]

Answer:

The net realizable value is $7,000-$700= $6,300

The reason for this is that $700 was the the allowance for doubtful accounts and this is the amount that company does not expect to receive therefore it is subtracted from the total receivables to find the net realizable value.

Un collectible amount is $200 which is less than $700 so it will be subtracted from 700 and then the doubtful accounts balance will be $500

Explanation:

5 0

4 years ago

During 2019, Sigma Company earned service revenue amounting to $700,000, of which $630,000 was collected in cash; the balance wi

Kryger [21]

Answer:

$700,000

Explanation:

As we know that

The income statement is the statement that records the income and the expenditure for a company

The expenses should be shown on debit side while the income or revenue is shown on the credit side

Since the total service revenue earned is $700,000 and the same is to be shown in the income statement as it records all the cash and credit sales or service revenue

Therefore, the total amount i.e $700,000 is reported on the income statement

4 0

3 years ago