A market research company is developing a regression model to predict monthly household expenditures on groceries as a function of family size, household income, and household neighbourhood (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 neighbourhood

Question

Quizplus · Accepted Answer

The response variable, also known as the dependent variable, is the variable that is being predicted in the regression model. In this case, the response variable is the monthly household expenditures on groceries.

A Market Research Company Is Developing a Regression Model to Predict