This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Why is it so important to understand and test the assumptions of the multiple regression model? ... (Read 104 times)

faduma

  • Hero Member
  • *****
  • Posts: 528
on: Jun 24, 2018
Why is it so important to understand and test the assumptions of the multiple regression model?
 
  What will be an ideal response?

Question 2

An accountant who recently examined 200 accounts from a company's total of 4,000 accounts in an effort to estimate the percentage of all accounts that have incorrect journal entries is using descriptive statistical analysis to reach the conclusion.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xMRAZ

  • Sr. Member
  • ****
  • Posts: 363
Reply #1 on: Jun 24, 2018
Answer to Question 1

Once a model has been constructed, it can be used to learn details of the system and process being studied. In regression analysis, this may involve finding confidence intervals for the model parameters, testing hypotheses of interest, or forecasting future values of the dependent variable, given assumed values of the independent variables. It is important to recognize that inference of this sort is based on the assumption of an appropriate model specification and estimation. In general, the more severe are any specification or estimation errors, the less reliable is any inference derived from the estimated model.

Answer to Question 2

FALSE


faduma

  • Member
  • Posts: 528
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

A Simple Model of the Learning Process A Simple Model of the Learning Process
Reed’s Erotic Stimulus Pathway Model Reed’s Erotic Stimulus Pathway Model
Intervention Model-Response to Client Misconduct Intervention Model-Response to Client Misconduct
Cylinder Leakage Test Cylinder Leakage Test
Normal and abnormal corneal light reflection test Normal and abnormal corneal light reflection test
Ethanol has the molecular formula C2H6O. Which ball and stick model shown above represents ... Ethanol has the molecular formula C2H6O. Which ball and stick model shown above represents ...
Video: Control of ventilation rate by other brain centers (posts, hypothalamus & cerebral cortex)

For a complete list of videos, visit our video library