A Predicted Value of a Dependent Variable

question 5

Multiple Choice

A predicted value of a dependent variable:

• A)represents the difference between the expected value of the dependent variable and its actual value.
• B)is always equal to the actual value of the dependent variable.
• C)is independent of explanatory variables and can be estimated on the basis of the residual error term only.
• D)represents the expected value of the dependent variable given particular values for the explanatory variables.

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Definitions:

Cynical

Having a belief that people are motivated purely by self-interest; skeptical of the motives of others.

Empirical Approach

A method of acquiring knowledge based on observation, experimentation, and evidence rather than theories or pure logic.

Examine Assumptions

The process of critically questioning and evaluating the underlying beliefs or principles that are taken for granted in arguments, theories, or policies.

Observation

The action or process of observing something or someone carefully or in order to gain information.