Consider the following simple linear regression model: .The random error term is: A)y B)x C)ε D)β₀

Name: Consider the following simple linear regression model: .The random error term is: A)y B)x C)ε D)β 0
Brand: Quizplus
Rating: 4.8 (34 reviews)

Question

Quizplus · Accepted Answer

The random error term in a regression model is typically denoted by ε, so the correct choice is C. A is not a common notation for a random error term, and B and D are not appropriate choices.

Consider the Following Simple Linear Regression Model