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The following simple model is used to determine the annual savings of an individual on the basis of his annual income and education. Savings = β0 + 0 Edu + β1Inc + u
The variable 'Edu' takes a value of 1 if the person is educated and the variable 'Inc' measures the income of the individual.
Refer to the model above. The benchmark group in this model is _____.
Router
A device that forwards data packets between computer networks, creating an overlay internetwork.
NIC
Network Interface Card, a hardware component that connects a computer to a network.
ISP
Internet Service Provider, a company that provides individuals and organizations access to the Internet and other related services like website building and virtual hosting.
Data Plan
A connectivity plan or text messaging plan in which data charges are separate from cell phone calling charges and are provided at rates different from those for voice calls.
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