EC315 Practice Week 6; Chapter 14 Quiz

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

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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 A. May assume only a value of 0 or 1. B. Is another term for the dependent varia C. Is found by . D. Is equal to . 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 A. Is based on the term . B. Is negative when one of the net regres C. Is found by taking the square root of S D. All of the above. 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. The term SSR/SS total yields
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This note was uploaded on 11/11/2011 for the course EC 315 taught by Professor Barcus during the Spring '10 term at Park.

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

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