A market analyst is developing a regression model to predict monthly household expenditures on groceries as a function of family size,household income,and household neighbourhood (urban,suburban,and rural).The response variable in this model is ___.
A)family size
B)expenditures on groceries
C)household income
D)suburban
E)household neighbourhood

Question

Quizplus · Accepted Answer

The response variable in this model is what the analyst is trying to predict, which is the monthly household expenditures on groceries. This is the dependent variable and the other variables (family size, household income, household neighbourhood) are independent variables used to explain the variation in the dependent variable.

A Market Analyst Is Developing a Regression Model to Predict