Use the Table Below to Answer the Following Questions

question 95

Multiple Choice

Use the table below to answer the following questions.
Table 11.1.1
The following table shows the relationship between consumption expenditure C) and disposable income YD) for a hypothetical economy.
-Refer to Table 11.1.1.Based on the information in the table, if YD is zero, then

• A)consumption is zero.
• B)saving is zero.
• C)consumption is $100.
• D)consumption is $150.
• E)consumption is - $150.

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Definitions:

SSE

The overall sum of errors squared, highlighting the divergence between a model's predictions and real-world data observations.

Least Squares Estimate

A method in statistics for estimating the best-fitting line to a set of points by minimizing the sum of the squares of the differences between the observed values and the values provided by the model.

Slope

This term describes the rate at which a line ascends or descends, calculated as the change in the y-axis divided by the change in the x-axis for any two points on the line.

Coefficient Of Determination

A statistical measure, denoted as R², that represents the proportion of the variance for a dependent variable that's explained by an independent variable(s) in a regression model.