A market analyst is developing a regression model to predict monthly household expenditures on groceries as...

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A market analyst is developing a regression model to predict monthly household expenditures on groceries as...

A market analyst is developing a regression model to predict monthly household expenditures on groceries as a function of family size, household income, and household neighborhood (urban, suburban, and rural). The "neighborhood" variable in this model is ________.

A dependent variable

A continuous variable

An independent variable

A qualitative variable

math Statistics-And-Probability

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Answer 1

Answer #1

The neighborhood variable is responsible for predicting the value of monthly household expenditures.

Hence it is an independent variable.

Also, the values of it are urban, suburban and rural which are qualitative in nature.

An independent variable

A qualitative variable

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Answer 2

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