BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Independent variables (aka explanatory variables, or predictors ) are the factors that might influence the dependent variable.
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True
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False
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Explanation:
Detailed explanation-1: -Independent variables are what we expect will influence dependent variables. A Dependent variable is what happens as a result of the independent variable.
Detailed explanation-2: -The other name for independent variables is Predictor(s). The independent variables are called as such because independent variables predict or forecast the values of the dependent variable in the model.
Detailed explanation-3: -A dependent variable is the variable that changes as a result of the independent variable manipulation.
Detailed explanation-4: -A confounding variable is a third variable that influences both the independent and dependent variables.
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