Solved

Consider the Model Y = β0 + β1x + β2d

Question 33

Multiple Choice

Consider the model y = β0 + β1x + β2d + ε, where x is a quantitative variable and d is a dummy variable. When d = 1, the predicted value of y ________.


A) Consider the model y = β<sub>0 </sub>+ β<sub>1</sub>x + β<sub>2</sub>d + ε, where x is a quantitative variable and d is a dummy variable. When d = 1, the predicted value of y ________. A) = b<sub>0 </sub>+ b<sub>1</sub>x + b<sub>2</sub>x B) = b<sub>0 </sub>+ b<sub>1</sub>x C) = (b<sub>0 </sub>+ b<sub>1</sub>) x + b<sub>2</sub> <sub> D) </sub> <sub> </sub> = (b<sub>0 </sub>+ b<sub>2</sub>) + b<sub>1</sub>x = b0 + b1x + b2x
B) Consider the model y = β<sub>0 </sub>+ β<sub>1</sub>x + β<sub>2</sub>d + ε, where x is a quantitative variable and d is a dummy variable. When d = 1, the predicted value of y ________. A) = b<sub>0 </sub>+ b<sub>1</sub>x + b<sub>2</sub>x B) = b<sub>0 </sub>+ b<sub>1</sub>x C) = (b<sub>0 </sub>+ b<sub>1</sub>) x + b<sub>2</sub> <sub> D) </sub> <sub> </sub> = (b<sub>0 </sub>+ b<sub>2</sub>) + b<sub>1</sub>x = b0 + b1x
C) Consider the model y = β<sub>0 </sub>+ β<sub>1</sub>x + β<sub>2</sub>d + ε, where x is a quantitative variable and d is a dummy variable. When d = 1, the predicted value of y ________. A) = b<sub>0 </sub>+ b<sub>1</sub>x + b<sub>2</sub>x B) = b<sub>0 </sub>+ b<sub>1</sub>x C) = (b<sub>0 </sub>+ b<sub>1</sub>) x + b<sub>2</sub> <sub> D) </sub> <sub> </sub> = (b<sub>0 </sub>+ b<sub>2</sub>) + b<sub>1</sub>x = (b0 + b1) x + b2
D) Consider the model y = β<sub>0 </sub>+ β<sub>1</sub>x + β<sub>2</sub>d + ε, where x is a quantitative variable and d is a dummy variable. When d = 1, the predicted value of y ________. A) = b<sub>0 </sub>+ b<sub>1</sub>x + b<sub>2</sub>x B) = b<sub>0 </sub>+ b<sub>1</sub>x C) = (b<sub>0 </sub>+ b<sub>1</sub>) x + b<sub>2</sub> <sub> D) </sub> <sub> </sub> = (b<sub>0 </sub>+ b<sub>2</sub>) + b<sub>1</sub>x = (b0 + b2) + b1x

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q28: The method of maximum likelihood estimation (MLE)

Q29: A model formulated as y = β0

Q30: A researcher has developed the following regression

Q31: In a model y = β0 +

Q32: The logit model cannot be estimated with

Q34: To examine the differences between salaries of

Q35: Quantitative variables assume meaningful _, whereas qualitative

Q36: To avoid the dummy variable _, the

Q37: For the model y = β0 +

Q38: Consider the model y = β0 +

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents