In the Simple Linear Regression Model, the Error Distribution Is

question 5

True/False

In the simple linear regression model, the error distribution is assumed tobe a t distribution.

---

Definitions:

Unit Of Account

The yardstick people use to post prices and record debts.

Legal Tender

Legal tender refers to money that must be accepted if offered in payment of a debt in the jurisdiction where the payment is being made.

Medium Of Exchange

An item that buyers give to sellers when they want to purchase goods and services.

Standard Of Living

The degree of wealth and material comfort available to a person or community, often measured by factors such as income, quality of housing, and access to healthcare and education.