BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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dummy variable
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overfitting
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extrapolation
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interaction
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Detailed explanation-1: -Extrapolation Prediction of the mean value of the dependent variable y for values of the independent variables x1, x2, . . ., xq that are outside the experimental range. an iterative variable selection procedure that starts with a model with no variables and considers adding an independent variable at each step.
Detailed explanation-2: -When the mean value of the dependent variable is independent of the variation in the independent variable, the slope of the regression line is zero.
Detailed explanation-3: -Answer and Explanation: Given information: A factor that is used to try to explain or predict a dependent variable is referred to as an independent variable in statistics and research.
Detailed explanation-4: -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-5: -In statistics, dependent variables are also called: Response variables (they respond to a change in another variable) Outcome variables (they represent the outcome you want to measure)