Posted: January 8th, 2016
Which of the following statements are true regarding the simple linear regression model y
Which of the following statements are true regarding the simple linear regression model y
= β0 + β1xi + εi?
A. β1 is the y-intercept of the regression line.
B. β0 is the slope of the regression line.
C. y i is a value of the dependent variable (y) and x i is a value of the independent variable (x).
D. εi is a nonrandom error.
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