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Author Question: Freshman, sophomore, junior, or senior would be examples of ________ data. A) nominal B) ... (Read 83 times)

jilianpiloj

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Freshman, sophomore, junior, or senior would be examples of ________ data.
 
  A) nominal
  B) ordinal
  C) interval
  D) ratio

Question 2

Suppose you are interested in modeling the amount of money a household spends for a house. We would expect income to be a determining factor.
 
  In addition, the income tax rate for a household might be important since there are tax advantages to home ownership. If you were to run a regression of home purchase price on income and marginal tax rate, your results might be subject to: A) multicollinearity.
  B) heteroscedasticity.
  C) specification bias.
  D) autocorrelation.


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alexanderhamilton

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jilianpiloj

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review


blakcmamba

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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