Costing - Study Mode

[#486] Residual term is also considered as
Correct Answer

(D) both a and b

Explanation

Solution: Residual term is also considered as error term and disturbance term.

[#487] Percentage of variation in Y explained by X is measured by
Correct Answer

(C) coefficient of determination

Explanation

Solution: Percentage of variation in Y explained by X is measured by coefficient of determination. The coefficient of determination (denoted by R2) is a key output of regression analysis. It is interpreted as the proportion of the variance in the dependent variable that is predictable from the independent variable.

[#488] Small residual terms and positive slope of line indicate
Correct Answer

(D) directly proportion

Explanation

Solution: Small residual terms and positive slope of line indicate directly proportion.

[#489] An analysis of data over successive past periods, which pertain to some plant, activity and organization is called
Correct Answer

(C) time series

Explanation

Solution: An analysis of data over successive past periods, which pertain to some plant, activity and organization is called time series. A time series is a sequence of numerical data points in successive order.

[#490] Individual variable coefficient's multicollinearity leads to
Correct Answer

(C) increase in standard error

Explanation

Solution: Individual variable coefficient's multicollinearity leads to increase in standard error.