The Intercept in the Multiple Regression Model

question 61

Multiple Choice

The intercept in the multiple regression model

• A)should be excluded if one explanatory variable has negative values.
• B)determines the height of the regression line.
• C)should be excluded because the population regression function does not go through the origin.
• D)is statistically significant if it is larger than 1.96.

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Definitions:

Market Wage Rates

The average amount of money paid for a specific job in the marketplace, influenced by factors such as industry demand, skill level, and geographic location.

Labor Supply

Refers to the total number of workers available and willing to work in a particular job market.

Occupational Information Network

The Occupational Information Network (O*NET) is a comprehensive database providing detailed descriptions of job functions, skills, education requirements, and work environments for various occupations.

Computerized System

An assembly of hardware and software organized to collect, process, store, and disseminate data for the purpose of facilitating planning, control, coordination, analysis, and decision making.