In the linear regression model, Y_i = β₀ + β₁X_i + u_i, β₀ + β₁X_iis referred to as A)the population regression function. B)the sample regression function. C)exogenous variation. D)the right-hand variable or regressor.

Question

Quizplus · Accepted Answer

The equation Y = β0 + β1X + u represents the population regression function, which describes the relationship between the dependent variable Y and independent variable X for the entire population, with β0 being the intercept, β1 the slope coefficient, and u the error term.

In the Linear Regression Model, Yi = β0 + β1Xi

In the Linear Regression Model, Y_i = β₀ + β₁X_i