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Which of the Following Statements Is True Regarding the Simple yi=β0+β1xi+ϵ1?y _ { i } = \beta _ { 0 } + \beta _ { 1 } x _ { i } + \epsilon _ { 1 } ?

Question 16

Multiple Choice

Which of the following statements is true regarding the simple linear regression model yi=β0+β1xi+ϵ1?y _ { i } = \beta _ { 0 } + \beta _ { 1 } x _ { i } + \epsilon _ { 1 } ?


A) is a value of the dependent variable (y) and xi is a value of the independent variable (x) .
B) β\beta 0 is the y-intercept of the regression line.
C) β\beta 1 is the slope of the regression line.
D) ϵ\epsilon 1 is a random error,or residual.
E) All of the above are true statements.

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