A Key Insight of the Public Choice Model Is That

question 209

True/False

A key insight of the public choice model is that public policymakers are likely to pursue the public's interest, even if their self-interests conflict with the public interest.

---

Definitions:

Actual Y Values

The observed values of the dependent variable in a data set or experiment, compared against predicted values in regression analysis.

Estimated Regression Line

A line calculated from the data that best fits the relationship between the independent variable(s) and the dependent variable, used to predict the value of the dependent variable from the independent variable(s).

Slope

The steepness of a line on a graph, representing the rate of change, calculated as the rise divided by the run between two points on the line.

Intercept

The value of the dependent variable when all independent variables in a model are set to zero.