The general form of the multiple regression model is estimated by which equation? A)Ŷ_i= a + bX_i B)Ŷ_i=β₀+ β₁ X_{i +}e_i C)Ŷ =a + b₁ X_{1 +}b₂ X_{2 +}b₃X_{3 + ...+} b_kX_k D)Ŷ = a + b₁X₁+ b₂X₂

Question

Quizplus · Accepted Answer

The correct equation for a multiple regression model includes a constant term (a) and multiple coefficients (b) for each independent variable (X), which are summed together. This is represented in option C, where "a" is the intercept, "b1, b2, ..., bk" are the coefficients for each independent variable "X1, X2, ..., Xk", respectively.

The General Form of the Multiple Regression Model Is Estimated