Solved

If a Decision Maker Has Several Potential Independent Variables to Select

Question 64

True/False

If a decision maker has several potential independent variables to select from in building a regression model, the variable that, by itself, will always be the most effective in explaining the variation in the dependent variable will be the variable that has a correlation closest to positive 1.00.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions