In the model Y = β₀ + β₁X₁ + β₂X₂ + ε, which of these parameters represents a dependent variable?

Question

Quizplus · Accepted Answer

The variable Y is the dependent variable in the model because it is the outcome or response variable that is being predicted or explained by the predictors (₀, X₁, X₂) and the error term (ε). The other variables (β₁ and X₁) are predictor variables or coefficients that are used to estimate the relationship between the predictors and the outcome variable.

In the Model Y = β0 + β1X1 + β2X2

In the Model Y = β₀ + β₁X₁ + β₂X₂