In Linear Regression,we Fit the Least Squares Line to a Set

question 70

Multiple Choice

In linear regression,we fit the least squares line to a set of values (or points on a scatterplot) .The distance from the line to a point is called the:

• A) fitted value
• B) residual
• C) correlation
• D) covariance
• E) None of these options

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Definitions:

National Saving

The total amount of savings generated within a country, consisting of both private and public savings.

Domestic Investment

The total amount of money that is invested within a country's borders by its residents and businesses.

Net Exports

The difference between a country's total value of exports and its total value of imports, indicating whether a country is a net exporter or importer.

Net Capital Outflow

The difference marked by domestic people's foreign asset purchases compared to foreign people's domestic asset acquisitions.