Use the Consumer Food database from “Excel Databases.xls” on Blackboard. Use Exc
ID: 3336106 • Letter: U
Question
Use the Consumer Food database from “Excel Databases.xls” on Blackboard. Use Excel to develop a multiple regression model to predict Annual Food Spending by Annual Household Income and Non-Mortgage Household Debt. Assume a 5% level of significance.
What is the dependent variable in the study?
Annual Food Spending
Annual Household Income
200 households in the Consumer Food database
Non-Mortgage Household Debt
a.Annual Food Spending
b.Annual Household Income
c.200 households in the Consumer Food database
d.Non-Mortgage Household Debt
Explanation / Answer
Annual Food Spending needs to be predicted. Thus it is a dependent variable which needs to be predicted. Option A
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