The term 'u' in an econometric model is usually referred to as the _____.
A)error term
B)parameter
C)hypothesis
D)dependent variable

Name: The term 'u' in an econometric model is usually referred to as the _____. A)error term B)parameter C)hypothesis D)dependent variable
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Quizplus · Accepted Answer

The error term, denoted as 'u', represents the unobserved or random factors that affect the dependent variable in an econometric model. Therefore, it is the best choice for this question.

The Term 'U' in an Econometric Model Is Usually Referred