The Model Y = β₀ + β₁x + β₂d

question 16

Multiple Choice

The model y = β₀ + β₁x + β₂d + β₃xd + ε> is an example of a ________.

• A) simple linear regression model
• B) linear regression model with only dummy variable
• C) linear regression model with dummy variable and quantitative variable
• D) linear regression model with dummy variable, quantitative variable, and interaction variable

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Definitions:

Democratic Principles

Fundamental beliefs that support democracy, including political equality, majority rule, minority rights, and freedom of expression.

John D. Rockefeller

An American industrialist and philanthropist, best known for his role in the development and expansion of the American petroleum industry.

Socialist Ideas

Economic and political theories advocating for public or collective ownership and administration of the means of production and distribution of goods.

Nationalism

Ideological movement or sentiment that emphasizes loyalty, devotion, or allegiance to a nation or nation-state and often places its interests above those of other countries.