Question

A regression model uses a series of mathematical equations showing the association between potential store sales and several independent variables at each location, such as population, size, average income, the number of households, nearby competitors, transportation barriers, and traffic patterns.

True

False

An isolated store is not freestanding as it is immediately next to adjacent stores.

True

False

Answer 1

1) True.

Basically, the regression model identifies and describes the relationship between two or more variables. It determines one variable based on the estimation of another variable. The regression model has independent as well as dependent variables and the independent variable is used to find the dependent one.

2) False.

The isolated stores are freestanding and they are not next to the adjacent stores. Due to the freestanding, it has no competition, has flexibility and low rent with easily available parking areas.

Hope this helps :)