TRUE or False 1)Logistic regression cannot be employed when the dependent variable is binary.
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TRUE or False
1)Logistic regression cannot be employed when the dependent variable is binary.
2)In the average linkage clustering, the distance between two clusters is defined as the average of distances between all pairs of objects, where each pair is made up of one object from each group.
3)As Monte Carlo simulation is essentially statistical sampling, the larger the number of trials used, the more precise is the result.
4)Monte Carlo simulation is an inappropriate tool to analyze cash budgets because of the inherent uncertainty of the sales forecasts on which most cash budgets are based
5)Any solution that satisfies all constraints of a problem is called a feasible solution..
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- Define the Distributed Lag Model with Additional Lags and AR(p) Errors?Explain in detail the approach of Weighted Least Square used by applied economiststo address heteroskedasticity in empirical work.After examining these data for all the jurisdictions, someone notes that certain areas have an unusually high “percent of 18-64 yr-olds with no high school diploma.” Based on this finding, this individual concludes that the high percentages are due to the rising population of immigrants in those areas. Further, the individual argues that any estimates of the associated “percent of low-income working families” in those areas should be recalculated after removing this sub-population from the data set, as they are causing the area to “look bad”. In addition to thinking critically, use the key rules about linear regression and extrapolation to write a statistically appropriate and socially responsible response to the individual’s conclusion and argument.
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