In a Simple Linear Regression Model,if the Plots on a Scatter

question 110

Multiple Choice

In a simple linear regression model,if the plots on a scatter diagram lie on a straight line,what is the standard error of the estimate?

• A)-1
• B)0
• C)+1
• D)Infinity

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Definitions:

Depreciable Cost

The total cost of a fixed asset that can be depreciated over its useful life, excluding salvage value.

Residual Value

The estimated salvage value or the value of an asset at the end of its useful life.

Accumulated Depreciation

A cumulative account that records the depreciation expense of an asset, reducing its book value over time.

Initial Cost

The original acquisition cost of an asset or investment, prior to any adjustments for depreciation, improvement, or amortization.