Consider the Following Simple Linear Regression Model: Y = β₀

question 91

Multiple Choice

Consider the following simple linear regression model: y = β₀ + β₁x +ε.The random error term is ____.

• A) y
• B) x
• C) ε
• D) β₀

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Definitions:

Axiom

A statement or proposition that is regarded as being established, accepted, or self-evidently true.

Corollary

A proposition that follows from one already proven, often seen as a natural consequence or result.

Theory

A system of ideas intended to explain something, based on general principles independent of the thing to be explained.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.