The Error Term ε in a Regression Model Represents

question 50

Multiple Choice

The error term ε in a regression model represents

• A) a random error in the data.
• B) unsystematic variation in the dependent variable.
• C) variation not explained by the independent variables.
• D) all of these.

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Definitions:

Intersection

The set of elements common to two or more sets.

Conditional

Pertaining to expressions, statements, or functions that involve conditions where outcomes depend on fulfilling specified criteria.

Experimental Outcomes

Refers to the various results that could potentially occur as a result of a scientific experiment.

Steps

Sequential actions or procedures followed to accomplish a particular goal, often laid out in a process or algorithm.