Consider the following regression equation: y = β₀+β₁x₁+…β_kx_k+ u In which of the following cases,is 'y' a discrete variable? A)y indicates the gross domestic product of a country B)y indicates the total volume of rainfall during a year C)y indicates household consumption expenditure D)y indicates the number of children in a family

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Quizplus · Accepted Answer

In option D, y is indicating the number of children in a family which is a discrete variable as it takes integer values only. On the other hand, options A, B, and C are continuous variables as they can take any value within a range.

Consider the Following Regression Equation: Y = β0+β1x1+…βkxk+ U in Which

Consider the Following Regression Equation: Y = β₀+β₁x₁+…β_kx_k+ U in Which