EC315 Practice Week 6; Chapter 14 Quiz

# EC315 Practice Week 6; Chapter 14 Quiz - 1 Practice Week 6...

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Practice Week 6; Chapter 14 Quiz 1. In a multiple regression equation there A. Are two or more independent variables. B. Is only one dependent variable. C. Is one intercept value. D. All of the above. The correct answer is d. All of the statements are correct. 2. A dummy variable or indicator variable The correct answer is a. A dummy variable is based on the nominal scale of measurement and it can assume one of two possible outcomes. Examples include, gender, watching TV or not watching TV, and owning a home or not owning a home. 3. The multiple standard error of estimate is The correct answer is a. The multiple standard error of estimate is based on squared

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deviations from the regression equation. It cannot be negative.
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