An intercept, whether significant or insignificant, cannot be removed from a multiple regression model. An intercept, whether significant or insignificant, cannot be removed from a multiple regression model.

• A) True
• B) False
• C)
• D)

Which of the following is the primary objective of Predictive Analytics?

• A) Future decision-making
• B) Data cleaning
• C) Record keeping
• D) Historical reporting

__________ is a mathematical term that simply refers to the angel used to draw a regression line.

• A) Coefficient
• B) Slope
• C) Variable
• D) Constant

Estimating an unknow or intermediate value by using the known data values is called __________.

• A) Classification
• B) Correlation
• C) Exertion
• D) Prediction

In __________, we study one-sided relationship among variables, in which variable A affects variable B, but variable B is not assumed to affect variable A.

• A) Co-relation Analysis
• B) Optimization Analysis
• C) Simulation Analysis
• D) Regression Analysis

A bank uses historical customer data to predict how many new accounts will open accounts next month. This process is:

• A) Forecasting
• B) Accounting
• C) Optimization
• D) Promotion

Which table in the SPSS output is used to determine the significance of the entire regression model?

• A) Coefficient table
• B) Model Summary table
• C) ANOVA table
• D) Residuals Statistics table

In social science research, an R-square value between 40% and 60% is generally interpreted as a __________ of model fit.

• A) Moderate indicator
• B) Strong indicator
• C) Weak indicator
• D) Perfect indicator

What is the main objective of optimization?

• A) To ignore limitations
• B) To find the best possible solution considering given conditions
• C) To find any solution
• D) To increase complexity

The R-square value in a multiple regression analysis shows how much variation in the dependent variable is explained by all independent variables together.

• A) False
• B) True
• C)
• D)

What is the minimum number of variables required to draw a Scatter Plot?

• A) Three
• B) One
• C) Two
• D) Four

A positively skewed histogram suggests that the value of p (probability) in the binomial distribution will likely be:

• A) Exactly 0.5
• B) Less than 0.5
• C) Greater than 0.5
• D) Close to 1

Monte Carlo simulation requires mean and variance when using the normal distribution.

• A) False
• B) True
• C)
• D)

In multiple regression analysis, the beta value shows how much the dependent variable changes when only one independent variable increases by one unit, keeping effect of other independent variables__________.

• A) Random
• B) Decreasing
• C) Constant
• D) Increasing

Mean and variance are required inputs for both binomial and normal simulations.

• A) False
• B) True
• C)
• D)

Dependent variable in Multiple Regression Analysis must be a ___________ variable.

• A) Categorical
• B) Nominal
• C) Qualitative
• D) Quantitative

In statistics, which of the following Greek symbol is used to denote the slope of regression line?

• A) Beta
• B) Delta
• C) Gamma
• D) Alpha

Separating a gender dataset into male and female categories is an example of grouping data.

• A) True
• B) False
• C)
• D)

Non-linear regression is different from linear regression because:

• A) It always has one variable only
• B) It uses only numbers less than 100
• C) It cannot be used in business
• D) The effect of X on Y is not constant

Estimating future values based on existing or historical data is called __________.

• A) Trending
• B) Budgeting
• C) Prediction
• D) Forecasting