The correlation coefficient is
(D) the relative degree that changes in one variable can be used to estimate changes in another variable.
Explanation : Coefficient correlation is used to measure how strong a relationship is between two variables. It speaks about how changes in one variable can relatively affect changes in another variable.( positively or negatively )
The correlation coefficient is: Multiple Choice the range of values over which the probability may be...
2. Multiple coefficient of determination Aa Aa Macroeconomics is the study of the economy as a whole. A macroeconomic variable is one that measures a characteristic of the whole economy or one of its large-scale sectors. In forecasting the sales of a product, market researchers frequently use macroeconomic variables in addition to marketing mix variables (marketing mix variables include product, price, place [or distribution], and promotion) A market researcher is analyzing an existing multiple regression model that predicts sales for...
2. Multiple coefficient of determination Aa Aa E Macroeconomics is the study of the economy as a whole. A macroeconomic variable is one that measures a characteristic of the whole economy or one of its large-scale sectors. In forecasting the sales of a product, market researchers frequently use macroeconomic variables in addition to marketing mix variables (marketing mix variables include product, price, place [or distribution], and promotion) A market researcher is analyzing an existing multiple regression model that predicts sales...
Which statement is not correct? Multiple Choice R-squared is a measure of the degree of variability in the dependent variable about its sample mean explained by the regression line. The adjusted R-squared measure should be used in the case of more than one independent variable. The null hypothesis that R2 = 0 can be tested using the F-statistic. Forecasters should always select independent variables on the basis of R2. All of the options are correct.
If the coefficient of correlation is 0.65, the percentage of variation in the dependent variable explained by the estimated regression equation is a. 0.65% b. 80% c. 0.42% d. 42.2%
If the coefficient of correlation is 0.8, the percentage of variation in the dependent variable explained by the estimated regression equation is a. 0.80% b. 80% c. 0.64% d. 64%
The proportion of the variation in the dependent variable y that is explained by the estimated regression equation is measured by the _____. a. correlation coefficient b. coefficient of determination c. confidence interval estimate d. standard error of t
Consider the following results of a multiple regression model of dollar price of unleaded gas (dependent variable) and a set of independent variables: price of crude oil, value of S&P500, price U.S. Dollars against Euros, personal disposal income (in million of dollars) : Coefficient t-statistics Intercept 0.5871 68.90 Crude Oil 0.0651 32.89 S&P 500 -0.0020 18.09 Price of $ -0.0415 14.20 PDI 0.0001 17.32 R-Square = 97% What will be forecasted price of unleaded gas if the value of independent...
Write out the estimated regression equation. Test for the significance of the slope at Determine the coefficient of correlation between For questions 26-28 use the following information: Below you are given a partial computer output based on a sample of 21 observations relating an independent variable (x) and a dependent variable (y). Predictor Coefficient Standard Error Constant 30.139 1.181 0.252 0.022 ANOVA Sum of Squares Source 1759.481 Model 259.186 Error We were unable to transcribe this imagey and y. For...
14. Multiple Choice Variables x and y have a correlation coefficient of r = 0.89. Which statement is best? a. There is a strong positive association between x and y and a straight line fit to the data cannot be substantially improved by fitting a curve to the data. b. There is a strong positive association between x and y and a straight line fit to the data can certainly be substantially improved by fitting a curve to the data....
game thory ,hst the cofficien of ltemination cqual? A) 0.1945 B) 0.4225 C) 0.5778 D) 0.8061 45. The hypothesis to test the slope of a regression equation is Ho: a 0 TRUE FALSE 46. The least squares technique minimizes the sum of the squares of the vertical distances between the actual Y values and the predicted values of Y TRUE FALSE 47. The regression equation is used to estimate a value of the dependent variable Y based ona selected value...