Consider the following regression equation: y = ₀+ ₁x₁+ … + _kx_k+ u In which of the following cases, is 'y' a discrete variable? A)y indicates the gross domestic product of a country B)y indicates the total volume of rainfall during a year C)y indicates household consumption expenditure D)y indicates the number of children in a family

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Quizplus · Accepted Answer

'y' is a discrete variable when it takes only integer values, such as in the case of the number of children in a family. The other options (GDP, rainfall, household consumption expenditure) are continuous variables, which can take any value within a range.

Consider the Following Regression Equation: Y = 0

Consider the Following Regression Equation: Y = ₀