In a linear relationship, which of the following accounts for the many possible values of the dependent variable that vary around the mean?
A) the coefficient of the dependent variable X
B) the value of the intercept ß0
C) the random error term ε
D) the standard error SYX

Question

Quizplus · Accepted Answer

The random error term ε in a linear relationship accounts for the variations in the dependent variable that cannot be explained by the linear relationship between the dependent and independent variables. It represents the unpredictable component of the dependent variable's variation around the mean.

In a Linear Relationship, Which of the Following Accounts for the Many