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COMM 215 – Business Statistics – Mock Final Exam – W'14
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COMM 215 – Business Statistics – Mock Final Exam – W'14
Multiple Choice Questions
1. Consider a multiple regression analysis attempting to predict the price of a car from several variables. One variable of interest is the season during which the car is being sold. How many dummy variables would we need to include in this model in order to account for the season? a)
b)
c)
d)
1
4
2
3
2. SSE represents that part of the total variation in the y data values that is __________.
a)
b)
c)
d)
explained by our linear regression model incorporated in the regression model via the use of dummy variables not explained by our