In the Simple Linear Regression Model, the ____________ Accounts for the Variability

question 1

Multiple Choice

In the simple linear regression model, the ____________ accounts for the variability in the dependent variable that cannot be explained by the linear relationship between the variables.

• A)constant term
• B)error term
• C)model parameter
• D)residual

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Definitions:

Biased Estimator

An estimator is considered biased if it consistently overestimates or underestimates the parameter it is estimating.

Confidence Level

The probability that a confidence interval contains the true population parameter, expressing the degree of certainty in estimation.

Sample Statistic

A numerical measure that describes an aspect of a sample of the population data.

Population Parameter

A numerical value that describes a characteristic of the entire population.