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 "central heating" variable in this model is _______.
A)a response variable
B)an independent variable
C)a quantitative variable
D)a dependent variable
E)a constant

Question

Quizplus · Accepted Answer

The "central heating" variable is an independent variable because it is one of the factors used to predict the market value of houses, making it an input or predictor in the regression model.

A Real Estate Appraiser Is Developing a Regression Model to Predict