Stepwise regression is an iterative procedure that:

a. adds one independent variable at a time.
b. deletes one independent variable at a time.
c. adds one dependent variable at a time.
d. deletes one dependent variable at a time.
e. Both A and B are correct.


E

Business

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When do additional terms contained in an acceptance become part of the contract as per the battle of the forms rule?

A) if the additional terms materially alter the original contract B) if the sale is between two nonmerchants C) if the additional terms expressly limit the acceptance to the terms of the offer D) if the offeror notifies the offeree that he or she does not object to the additional terms

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One hundred dollars ____ needed to hold your hotel reservation

A) were B) are C) is

Business

The beginning balance in the Common Stock account of Cedar Technologies, Inc. was $76,000. The revenues and expenses amounted to $55,000 and $37,000, respectively. During the year, the company did not declare any dividends or issue common stock

The Common Stock account will have $131,000 at the end of the year. Indicate whether the statement is true or false

Business

During the year, the Abbot Company had the following changes in account balances: 1) The Accumulated Depreciation account had a beginning balance of $25,000 and an ending balance of $35,000. The increase was due to depreciation expense.

2) The long-term Notes Payable account had a beginning balance of $40,000 and an ending balance of $15,000. The decrease was due to repayment of debt. 3) The Accounts Receivable account had a beginning balance of $60,000 and an ending balance of $50,000. 4) The Equipment account had a beginning balance of $25,000 and an ending balance of $92,500. The increase was due to the purchase of equipment for cash. 5) The Long-Term Investments account (marketable securities) had a beginning balance of $18,000 and an ending balance of $12,500. The decrease was due to the sale of investments at cost. 6) The amount of cash dividends declared and paid during the year was $22,000. 7) The Interest Payable account had a beginning balance of $2,250 and an ending balance of $1,250.   Assume that a statement of cash flows has been prepared. The combination of the three major components (operating activities, investing activities, financing activities) equals the: A. Ending cash balance. B. Net income for the period. C. Change in the cash account balance between the beginning and end of the period. D. Amount of cash inflow for the period.

Business