Consider the following regression equation: y = β₀+β₁x₁+…β_kx_k+ u In which of the following cases,the dependent variable is binary? A)y indicates the gross domestic product of a country B)y indicates whether an adult is a college dropout C)y indicates household consumption expenditure D)y indicates the number of children in a family

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In option B, the dependent variable "y" indicates whether an adult is a college dropout, which is a binary variable as it can only take two values - either the person is a college dropout or not. The other options have continuous dependent variables.

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