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ISYE6414 (Regression) Midterm 1 QUESTIONS & CORRECT ANSWERS

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ISYE6414 (Regression) Midterm 1 QUESTIONS & CORRECT ANSWERS What are the variables in regression? - ANSWER 1. Response (dependent) variable - one particular variable that we are interested in understanding or modelling, such as sales of a particular product. 2. Predicting or Explanatory (independent) variable - set of other variables that we think might be useful in predicting or modelling the response variable (like the price of a product) Which regression variable is a Random var...

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