Question: 1. Name one reason why a predictor variable may be included in a multiple regressionmodel which is used for prediction, even if the variable is

1. Name one reason why a predictor variable may be included in a multiple regressionmodel which is used for prediction, even if the variable is not statistically significant.(a) The sample size may be large enough to include the variable, regardless of significance.(b) Inclusion of the variable may be supported by economic theory.(c) Inclusion of the variable may increase R2.(d) The variable may be correlated with other variables in the model.(e) None of the above is such a reason.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!