Question

A sporting goods store manager wants to forecast annual sneaker revenues based on the type of sport (running, tennis, or walking), color (red, blue, white, black, or violet) and its target audience (men or women). How many independent variables should the manager include in her multiple regression analysis? Please enter your answer as an integer; that is with no decimal point.

Answer 1

Answer:

3

Explanation:

In the given Multiple Regression Analysis:

Dependent Variable: annual sneaker revenue

Independent Variable 1: type of sport (running, tennis, or walking)

Independent Variable 2: color (red, blue, white, black, or violet)

Independent Variable 3: target audience (men or women).