In regression, the equation that describes how the response variable (y) is related to the explanatory variable (x) is:

Related MCQs

• Regression modelling is a statistical framework for developing a mathematical equation that describes how
• A single-equation econometric model of the demand for a product is a ________ equation in which the quantity demanded of the product is an ________ variable
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• If regression analysis is used to estimate the linear relationship between the natural logarithm of the variable to be forecast and time, then the slope estimate is equal to
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• Linear regression can achieve which of the following
• Linear regression means that every time the value of x increases, y changes by a ______amount.
• Regression analysis:
• If the slope of the regression line is calculated to be 2.5 and the intercept 16 then the value of Y when X is 4 is: