Explanation:
In a simple linear regression model, the variable whose variation is being explained is termed the dependent variable or explained variable, typically denoted by Y. Here, the supply of wheat is the variable being explained by the demand for corn, making it the explained variable.
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An analyst conducts a simple linear regression to determine if the variation in the demand for corn explains the variation in the supply of wheat. In this regression model, the supply of wheat is referred to as the:
A
indicator variable.
B
explained variable.
C
independent variable.
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