BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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milestone
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knot
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tipping point
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watchpoint
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Detailed explanation-1: -The prespecified value of the independent variable at which its relationship with the dependent variable changes in a piecewise linear regression model; also called the breakpoint or the joint.
Detailed explanation-2: -Linear Regression models the relationship between a dependent variable (y) and one or more independent variables (X) using a best fit straight line (also known as regression line).
Detailed explanation-3: -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-4: -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-5: -In regression, an interaction effect exists when the effect of an independent variable on a dependent variable changes, depending on the value(s) of one or more other independent variables.