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 neighbourhood (urban,suburban,and rural).The "income" variable in this model is ___.
A)an indicator variable
B)a response variable
C)a qualitative variable
D)a dependent variable
E)an independent variable

Question

Quizplus · Accepted Answer

The income variable is being used as a predictor variable, or an independent variable, in this regression model.

A Market Analyst Is Developing a Regression Model to Predict