BANA 2082 Study Guide - Quiz Guide: Dependent And Independent Variables, Simple Linear Regression

• School: UC
• Department: Business Analytics
• Course: BANA 2082
• Professor: Dr. Edward P. Winkofsky

Document Summary

The company identified in chapter 7, analytics in action, is. Answer: wallmart. com: the analytics in action example in chapter 7 concerned. Answer: managing packaging of orders: chapter 7 focuses on. Answer: linear regression: in a simple linear regression model, y = 0 + 1x + the parameter 1 represents the. Answer: slope of the true regression line: in the simple linear regression model, the _____ accounts for the variability in the dependent variable that cannot be explained by the linear relationship between the variables. Answer: error team: in a linear regression model, the variable that is being predicted or explained is known as. It is denoted by y and is often referred to as the response variable. Answer: dependent variable: in a linear regression model, the variable (or variables) used for predicting or explaining values of the response variable are known as the _____.