This topic contains a solution. Click here to go to the answer

Author Question: An economist is interested to see how consumption for an economy (in billions) is influenced by ... (Read 51 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
An economist is interested to see how consumption for an economy (in  billions) is influenced by gross domestic product ( billions) and aggregate price (consumer price index). Annual data from 30 years were collected. Which of the following would be the most appropriate analysis to perform?
 
  A) Exponential smoothing
  B) Multiple linear regression
  C) Autoregressive modeling for trend fitting and forecasting
  D) Simple linear regression

Question 2

A manager of a product sales group believes the number of sales made by an employee depends on how many years that employee has been with the company and how he/she scored on a business aptitude test. A random sample of 38 employees was selected to collect data on their number of sales, number of years with the company and scores on a business aptitude test. Which of the following would you perform to draw a conclusion on the belief?
 
  A) One-way ANOVA B) Two-way ANOVA
  C) Simple linear regression D) Multiple linear regression



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xiazhe

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

B

Answer to Question 2

D




BrownTown3

  • Member
  • Posts: 564
Reply 2 on: Jun 24, 2018
Wow, this really help


xoxo123

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

For a complete list of videos, visit our video library