What name is given to the regression line that allows a manager of a firm in Thailand to estimate the additional revenue generated for every additional 5,000 Thai Baht spent?
A) Output regression line
B) x on y regression line
C) y on x regression line
D) Input regression line

Question

Quizplus · Accepted Answer

The correct term is "y on x regression line" because in this context, the additional revenue (y) is being estimated based on the additional expenditure (x, in this case, every additional 5,000 Thai Baht spent). This type of regression analysis helps in understanding how changes in the independent variable (x) affect the dependent variable (y).

What Name Is Given to the Regression Line That Allows