Q 33

In evaluating the economic plausibility of a regression model, the analyst is determining O the degree to which the regression line fits the actual observations. O whether the chosen independent variable, X, is a viable, sensible predictor of the dependent variable, Y, using judgment and understanding of cause-and-effect relationships. O the statistical significance of the relationship of the independent variable, X with the dependent variable, Y. O the correlation of variable costs to fixed costs in the total cost line determination