ECO356
What gives a mathematical indication of the drgree of change of two random variables together
Answer: covariance
Regression predicts the value of the dependent variable based on the value of the independent
Answer: variable
Simple regression models contains how many variables
Answer: two
Sample design that utilise planned randomisation is called
Answer: probability sample
The measure of association between two variables is called
Answer: sample covariance
Variables that are qualitative in nature are called
Answer: dummy
A positive association is indicated by
Answer: positive covariance
The concept that measures scattered data is called
Answer: variance
T-values in a regression result measures the level of
Answer: significance
Independebt variables are also called
Answer: explanatory
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