MCQs: Regression & Anchor Bias
Could I get assistance with these two MC questions?
Which of the following statements is correct about the regression method?
(a) Adjusted R Square tells you which independent variable is most significant
(b) You can understand the cause-effect relationship using this method
(c) This is a qualitative forecasting method
(d) Only the latest five data points are used to derive the equation
(a) Adjusted R Square tells you which independent variable is most significant
(b) You can understand the cause-effect relationship using this method
(c) This is a qualitative forecasting method
(d) Only the latest five data points are used to derive the equation
Which of the following is an example of Anchor Bias?
(a) You working with extreme values while negotiating
(b) You are motivated to achieve a goal
(c) You have a sense of control over an outcome that may be independent of your effort
(d) You have a false sense of probability of an event from the ease of your recollection of similar event
(a) You working with extreme values while negotiating
(b) You are motivated to achieve a goal
(c) You have a sense of control over an outcome that may be independent of your effort
(d) You have a false sense of probability of an event from the ease of your recollection of similar event
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