In a particular conjoint study, the variables "club," "upgrade" and "fee" are the predictors. Which model properly corresponds to this?

Question

Quizplus · Accepted Answer

The model represents a linear regression, where the dependent variable is "Rating" and the independent variables are "Club," "Upgrade," and "Fee." The coefficients (b0, b1, b2, and b3) represent the effect of each predictor variable on the rating. The error term represents the random variation in the data that is not explained by the predictors. Choice B is not a valid regression model since it has an interaction term, and choice C and D do not properly specify the regression equation.

In a Particular Conjoint Study, the Variables "Club," "Upgrade" and "Fee