In a multiple regression model, the error variable $\varepsilon$ is assumed to have a mean of:
A)-1.0.
B)0.0.
C)1.0.
D)any value smaller than -1.0.

Question

Quizplus · Accepted Answer

In a multiple regression model, the assumption is that the error variable has a mean of 0.0. This means that on average, the errors will balance out to zero, indicating accurate predictions from the model. Therefore, option B is the correct answer.

In a Multiple Regression Model, the Error Variable ε\varepsilonε Is Assumed to Have a Mean Of: A)-1

In a Multiple Regression Model, the Error Variable $\varepsilon$ Is Assumed to Have a Mean Of:
A)-1