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Econ 338/ envr 305 clicker questions. Statistics – Question Set #9 (from Chapter 10). The deterministic part of the simple linear regression equation describes:. why the actual observed values of y are not exactly on but fluctuate near a line. the magnitude of the noise in the data.
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Econ 338/envr 305clicker questions Statistics – Question Set #9 (from Chapter 10)
The deterministic part of the simple linear regression equation describes: • why the actual observed values of y are not exactly on but fluctuate near a line. • the magnitude of the noise in the data. • the three parameters in the model. • the trend in y as x increases. • the expected change in y brought about by a unit increase in x. Response Counter
The random variable ε is also called the _____. • slope • error term • y-intercept • deterministic part • trend Response Counter
The goodness of fit of a line = mx + b to a set of n pairs (x, y) of numbers in a sample is _____. • the sum of the errors • the mean of the errors • the square of the errors • the sum of the squared errors • the mean of the squared errors Response Counter