In the model y = $\beta$₀ + $\beta$₁x₁ + $\beta$0₂x₂ +$\beta$₃x₃ +$\varepsilon$ $\varepsilon$is a constant.

Name: In the model y = $\beta$ 0 + $\beta$ 1 x 1 + $\beta$0 2 x 2 +$\beta$ 3 x 3 +$\varepsilon$ $\varepsilon$is a constant.
Brand: Quizplus
Rating: 4.7 (32 reviews)

Question

Quizplus · Accepted Answer

In the model, $\varepsilon$ represents the error term, which accounts for the variability in y not explained by the predictors, and is not a constant.

In the Model Y = β\betaβ 0 β\betaβ 1x1

In the Model Y = $\beta$ ₀ $\beta$ ₁x₁