A real estate agent is developing a regression model to predict the market value of single family residential houses as a function of heated area, number of bedrooms, number of bathrooms, age of the house, and central heating (yes, no).The "central heating" variable in this model is ___.
A)a response variable
B)an independent variable
C)a quantitative variable
D)a dependent variable
E)a constant

Question

Quizplus · Accepted Answer

"Central heating" is an independent variable as it is being used to predict the market value of houses along with other independent variables like heated area, number of bedrooms, number of bathrooms, and age of the house.

A Real Estate Agent Is Developing a Regression Model to Predict