Why Do We Use and Not Y in the Regression

question 59

Essay

Why do we use and not Y in the regression equation?

---

Definitions:

Tuition

The fee charged by educational institutions for instruction and other services.

Room And Board

Room and board refers to the combination of housing and meals that an institution, such as a university or college, provides for its residents.

Redistribution Of Wealth

The transfer of income and wealth from some individuals to others through a social mechanism such as taxation, charity, welfare, public services, land reforms, or monetary policies.

Efficiency

The extent to which time or effort is well used for the intended task or purpose, often with the minimum amount of waste, expense, or unnecessary effort.