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**Basic Question 1 of 15**

A financial economist runs the following regression:

B. dependent; independent.

C. independent; independent.

Demand for cars = alpha + beta*income level + error

In this regression, the demand for cars is ______ variable and the income level is ______ variable.

A. dependent; dependent.

B. dependent; independent.

C. independent; independent.

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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!

#### Barnes

**Learning Outcome Statements**

describe a simple linear regression model, how the least squares criterion is used to estimate regression coefficients, and the interpretation of these coefficients

*CFA® 2024 Level I Curriculum, Volume 1, Module 10.*