If You Were to Use Excel to Estimate Y =

question 90

Multiple Choice

If you were to use Excel to estimate Y = b0 + b1 X + ε with binary Y (0 or 1) you would expect

• A)an error message because Excel does not allow a binary Y.
• B)predicted probabilities greater than 1 or less than 0.
• C)predictions that are either 0 or 1.
• D)residuals that are homoscedastic and normally distributed.

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Definitions:

Principal

The amount of money initially invested or loaned, in contrast to interest or profit earned from the investment.

Authority

The authority or capability to issue commands, make choices, and ensure compliance.

Export Controls List

A regulatory document or framework that specifies goods, software, or technology that are restricted or controlled for export, to comply with national security and trade policies.

Export Broker

An individual or company that acts as an intermediary, helping businesses to sell and distribute products to foreign markets without having to deal with the complexities of export regulations directly.