In regression analysis, the dependent variable
A)is always quantity demanded.
B)is the variable whose variation is to be explained.
C)is one of the factors that explains what is happening with demand.
D)is represented by the inverse demand function.

Question

Quizplus · Accepted Answer

The dependent variable in regression analysis is the variable that we want to explain or predict based on other independent variables. It is not always quantity demanded and not necessarily represented by the inverse demand function.

In Regression Analysis, the Dependent Variable