Eco 391 Exam 2 AD uky Test
Questions with Solved Solutions 2025
Updated.
Whether a dummy variable takes the value "0" or "1" affects which of the following in a
regression equation?
a. the response variable
b. intercept
c. error term
d. none of the above - Answer intercept
If a regression equation includes 3 dummy variables for nationality, how many different
nationalities can we make inferences about from this regression equation? - Answer 4
always one dummy variable less than regular variables
which of the following is our goal when performing regression analysis? - Answer to minimize
the sum of squared residuals (SSE)
which of the following P-values will lead to a rejection of the null hypothesis at the 95%
confidence level?
p-value= 0.04
p-value= 0.10
p-value=0.90
p-value=0.96 - Answer p-value = 0.04
what do we call variables coded as 0 or 1 in regression equations?
Questions with Solved Solutions 2025
Updated.
Whether a dummy variable takes the value "0" or "1" affects which of the following in a
regression equation?
a. the response variable
b. intercept
c. error term
d. none of the above - Answer intercept
If a regression equation includes 3 dummy variables for nationality, how many different
nationalities can we make inferences about from this regression equation? - Answer 4
always one dummy variable less than regular variables
which of the following is our goal when performing regression analysis? - Answer to minimize
the sum of squared residuals (SSE)
which of the following P-values will lead to a rejection of the null hypothesis at the 95%
confidence level?
p-value= 0.04
p-value= 0.10
p-value=0.90
p-value=0.96 - Answer p-value = 0.04
what do we call variables coded as 0 or 1 in regression equations?
