If a Simple Linear Regression Model Is Developed Based on a Sample

question 126

True/False

If a simple linear regression model is developed based on a sample where the independent and dependent variables are known to be negatively related, then the sum of squares for error will be negative also.

---

Definitions:

Adequacy of Consideration

A legal principle that examines whether the value exchanged in a contract is fair and reasonable to all parties involved.

Contract Formation

The process by which parties agree on the terms of a contract, leading to a binding agreement; typically involves offer, acceptance, consideration, and mutual intent.

Past Consideration

A concept in contract law that refers to a benefit or act that has already been given or performed before the promise is made, which is not valid consideration for a current contract.

Bilateral Contract

An agreement involving two parties where each promises to perform an act in exchange for the other's act.