List four pitfalls of regression
What will be an ideal response?
If the assumptions are not met, the statistical test may not be valid. Correlation does not necessarily mean causation. If multicollinearity is present, the model is still good for prediction but interpretation of the individual coefficients is questionable. Interpretation outside of the range of X values is questionable. The regression equation should not be used to predict a value of Y when X is zero. Using the F-test and concluding a linear relationship is helpful in predicting Y does not mean that this is the best relationship. A statistically significant relationship does not mean practical value.
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Transactional leaders motivate followers through ______.
A. inspiration B. role-modeling C. inclusion D. rewards
The qualitative characteristics describe the attributes that enhance the usefulness of financial reporting information. The IASB's conceptual framework sets forth the qualitative characteristic of _____ which refers to the attribute that users of financial reports will perceive the significance of a reported item to their decisions. Such perception involves comprehending the economic effects of a
firm's actions and the measurement and reporting of those economic effects in the financial reports. a. relevance b. reliability c. comparability d. materiality e. understandability
Visual enhancements in a business document
a. are unnecessary when the writing is effective. b. distract from important information in long, complex documents. c. can be overused and create clutter. d. can be applied easily using word processing features.
According to garment makers, the demands of large customers are nearly wiping out profits for all but the very large suppliers
Indicate whether the statement is true or false a. True b. False