If an analyst believes that more than one explanatory variable explains the variation in the dependent variable, what model should be used?
A) a simple linear regression model
B) a multiple regression model
C) a nonlinear regression model
D) a log-linear model

Question

Quizplus · Accepted Answer

Since the analyst believes that more than one explanatory variable explains the variation in the dependent variable, a multiple regression model should be used. This model allows for the inclusion of multiple explanatory variables.

If an Analyst Believes That More Than One Explanatory Variable