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Commerce · Q457

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Graduate and Post Graduate · Commerce · question 457

Q457

In Regression Analysis, testing of assumptions if these are true or not is classified as

A.
weighted analysis
B.
average analysis
C.
significance analysis
Answer
D.
specification analysis

Answer: Option C

Solution

Answer: Option C
Solution:
Regression Analysis: In regression analysis, we often make certain assumptions about the data and the relationship between variables.

Testing Assumptions: Testing whether these assumptions hold true involves various statistical tests and procedures.

Significance Analysis: One of the key aspects of this process is significance analysis, where we assess the statistical significance of the regression coefficients and other parameters to determine if the relationships observed in the data are meaningful.

Other Options:

Weighted analysis and average analysis do not specifically pertain to the testing of assumptions in regression.

Specification analysis involves checking if the model is correctly specified, but it is not the primary term used for testing assumptions.

Therefore, the correct term for testing the assumptions in regression analysis is significance analysis.