Model building is the process of deciding which dependent variables should be part of a final regression model.

Name: Model building is the process of deciding which dependent variables should be part of a final regression model.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Model building is the process of selecting the most appropriate model for a given dataset, which involves choosing both the dependent and independent variables, as well as the form of the model, not just deciding on the dependent variables.

Model Building Is the Process of Deciding Which Dependent Variables