If a B-school wants to predict or forecast the graduating GPA of entering freshm
ID: 1181380 • Letter: I
Question
If a B-school wants to predict or forecast the graduating GPA of entering freshmen (an unknown variable of interest), it might look at, among other things, their SAT scores (a known variable).
GPA is a fixed variable and does not vary among graduating students
For a student now entering the B-school, SAT score is known but graduating GPA is unknown and must be predicted
GPA is a dependent variable as it might depend on SAT scores
SAT is an explanatory variable as it might explain the variation in GPA
GPA is a fixed variable and does not vary among graduating students
Explanation / Answer
GPA is a fixed variable and does not vary among graduating students