A real estate appraiser is developing a regression model to predict the market value of single-family residential houses as a function of heated area, number of bedrooms, number of bathrooms, age of the house, and central heating (yes, no).The response variable in this model is _______.
A)heated area
B)number of bedrooms
C)market value
D)central heating
E)residential houses

Question

Quizplus · Accepted Answer

The response variable, also known as the dependent variable, is the outcome the model aims to predict. In this scenario, the model is designed to predict the "market value" of houses based on various features, making it the response variable.

A Real Estate Appraiser Is Developing a Regression Model to Predict