A market analyst is developing a regression model to predict monthly household expenditures on groceries as a function of family size, household income, and household neighborhood (urban, suburban, and rural).The response variable in this model is _____.
A)family size
B)expenditures on groceries
C)household income
D)suburban
E)household neighborhood

Question

Quizplus · Accepted Answer

The response variable in a regression model is the outcome or dependent variable that the model aims to predict. In this case, it is the monthly household expenditures on groceries.

A Market Analyst Is Developing a Regression Model to Predict