A market analyst is developing a regression model to predict monthly household expenditures on groceries as a function of family

Question

3 years ago

6

A market analyst is developing a regression model to predict monthly household expenditures on groceries as a function of family

size, household income, and household neighborhood (urban, suburban, and rural). The response variable in this model is _____.

Mathematics

1 answer:

notka56 [123] · Answer 1 · 2022-06-02T13:03:54+03:00

Answer:

Monthly household expenditures on groceries

Step-by-step explanation:

The response variable is the one for which measurements are desired and that depends on other variables.

In this case, family size, household income, and household neighborhood are independent variables, while the response variable is the monthly household expenditures on groceries.