The mathematical equation that explains how the dependent variable y is related to several independent variables x1, x2, …, xp and the error term ε is
A) a simple nonlinear regression model
B) a multiple regression model
C) an estimated multiple regression equation
D) a multiple regression equation

Question

Quizplus · Accepted Answer

A multiple regression model is a mathematical equation that explains how the dependent variable y is related to several independent variables x1, x2, ..., xp and the error term ε. This is often referred to as a multiple regression equation or an estimated multiple regression equation. A simple nonlinear regression model would only involve one independent variable and may not account for the effects of other variables on the dependent variable. Therefore, the best choice is B.

The Mathematical Equation That Explains How the Dependent Variable Y