ome up with a potential relationship to estimate via regression analysis. You need to have a dependent variable you are trying to explain and at least two explanatory variables. Be sure to explain the economic logic linking your dependent and explanatory variables. Also c

ome up with a potential relationship to estimate via regression analysis. You need to have a dependent variable you are trying to explain and at least two explanatory variables. Be sure to explain the economic logic linking your dependent and explanatory variables. Also c

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section: Chapter Questions

Problem 4SGR

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Question

Come up with a potential relationship to estimate via regression analysis. You need to have a dependent variable you are trying to explain and at least two explanatory variables. Be sure to explain the economic logic linking your dependent and explanatory variables. Also comment on your unit of analysis. Will your data be individual people, countries, sales at a particular location, etc.?

Definition Definition Statistical method that estimates the relationship between a dependent variable and one or more independent variables. In regression analysis, dependent variables are called outcome variables and independent variables are called predictors.

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