In a short essay, define standardization and include a discussion of beta coefficient and standardized regression coefficient to support your answer
What will be an ideal response?
Standardization is the process by which the raw data are transformed into new variables that have a mean of 0 and a variance of 1. When the data are standardized, the intercept assumes a value of 0. The term beta coefficient is used to denote the standardized regression coefficient, which is the slope obtained by the regression of y on x when the data are standardized. Standardization may be desirable because it is easier to compare the beta coefficients than it is to compare the raw coefficients.
You might also like to view...
Discuss the evidence that positive high-quality leader-member exchange relationships contributes to performance?
What will be an ideal response?
In moving from domestic to international management, managers need to develop a ________ portfolio of behaviors and the capacity to adjust their behavior for a particular situation.
A. limited B. narrow C. wide D. strong E. precise
Which of the following is a permanent account?
A) Wages Expense B) Salaries Payable C) Service Revenue D) Utilities Expense
Cause marketing programs incorporate all three concepts of social responsibility by addressing public concerns, satisfying customer needs, and
A. demonstrating ethical behavior. B. following industry-specific codes of ethics. C. enhancing corporate sales and profits. D. fulfilling societal objectives. E. protecting the environment.