When you have a first regression model, then a second regression model with an additional independent variable, then a third regression model with yet another additional independent variable, we call these a set of:
A) concurrent models
B) nested models
C) incremental models
D) subsequent models

Question

Quizplus · Accepted Answer

Nested models are a series of models where each model includes all of the variables of the previous model plus one or more additional variables. This allows for the assessment of the incremental value of the new variables added at each step.

When You Have a First Regression Model, Then a Second