In Ordinary Least Squares Regression, the Gap Between the Value

question 68

Multiple Choice

In Ordinary Least Squares Regression, the gap between the value of the dependent variable and the predicted value is called

• A)the error term.
• B)the minimizing coefficient.
• C)the residual.
• D)the explanatory variable.

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Definitions:

Republicans

Members of the Republican Party, one of the two major political parties in the United States, often associated with conservative policies and positions on issues like taxation, national defense, and business regulation.

Westward Expansion

the 19th-century movement of settlers into the American West, encouraged by ideology, government policy, and opportunities for new land and wealth.

National Resources

Natural resources such as minerals, forests, water, and fertile land that belong to or are characteristic of a particular country.

Democratic Societies

Democratic societies are systems of governance where power is vested in the population and decisions are made by majority rule, often characterized by free and fair elections, protection of human rights, and equal treatment under the law.