(Regression Quizz) - Final
(Regression Quizz) - Final
β0 is called………
β1 is called………
ε is called………..
8. What is the alternative solution to estimate the relationship between dependent and
independent variable?
9. The Least Square Method is the procedure used to find the regression that:
a/ maximize the sum of b/ minimize the sum of c/ average the sum of d/ None of the above
squared errors squared errors squared errors
11. The product manager of a particular brand of children’s breakfast cereal would like to
predict the demand for cereal during the next year. To use regression analysis, she and her staff
would like to list some variables as likely to affect sales. Please help the manager to list at least 3
variables that you think most likely to affect sales?
12. A real estate agent wants to predict the selling price of houses more accurately. She wants to
find some variables that may affect the price of a house. Please help her to list at least 3
variables that you think most likely to affect the selling prices?
18. The measure of how well the regression line fits the data is the
a/ coefficient of determination (R^2)
b/ slope of the regression line
c/ mean square error
d/ standard error of the regression coefficient
19. If two variables have a correlation coefficient (r) of .30, what percentage of one variable is
accounted for by the other variable (R^2)?