IASSC Exam ICBB Topic 5 Question 84 Discussion

Actual exam question for IASSC's ICBB exam

Question #: 84
Topic #: 5

[All ICBB Questions]

Which statement is most correct for the Regression Analysis shown here?

AThe Regression explains 50.8% of the process variation

BThe air-fuel ratio explains most of the TurbineOutput variation

CThis Simple Linear Regression explains 98+% of the process variation

DThis Multiple Linear Regression has four statistically significant independent variables

Show Suggested Answer

Suggested Answer: A

by Phil at Jan 09, 2025, 09:21 PM

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Valene

2 months ago

Air-fuel ratio, huh? Sounds like something straight out of a car repair manual. I'm not a mechanic, I'm a business analyst!

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Paris

9 days ago

User 3: D) This Multiple Linear Regression has four statistically significant independent variables

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Mammie

1 months ago

User 2: B) The air-fuel ratio explains most of the TurbineOutput variation

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Elenora

1 months ago

User 1: A) The Regression explains 50.8% of the process variation

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Solange

2 months ago

Four significant variables? Looks like someone's been hitting the stats textbooks a little too hard. I prefer my regressions simple and easy to understand.

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Louisa

28 days ago

B) The air-fuel ratio explains most of the TurbineOutput variation

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Cheryl

29 days ago

A) The Regression explains 50.8% of the process variation

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Rana

2 months ago

I believe option C is incorrect because the R-squared value is not 98+%, it is actually 50.8% as mentioned in option A.

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Ryan

2 months ago

Hmm, 98+%? Now we're talking! This model must be as accurate as a Swiss watch. I'll take it!

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Portia

17 days ago

User 4: I think option A is not as accurate as option C.

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Domingo

24 days ago

User 3: The Regression explains 50.8% of the process variation.

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Lorean

1 months ago

User 2: I agree, 98+% accuracy is impressive.

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Brande

2 months ago

User 1: I think option C is the most correct.

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Aretha

2 months ago

Wait, 50.8%? That's barely passing the class! I need at least a solid 85% to impress my boss.

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Ayesha

3 months ago

I agree with Carri, because the R-squared value is 0.508 which means 50.8% of the variation in the dependent variable is explained by the independent variable.

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Carri

3 months ago

I think the correct statement is A) The Regression explains 50.8% of the process variation.

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