A forecasting model of the following form was developed: y = B₀ + B₁x_j+ B₂ + B₃ + ε Which of the following best describes the form of this model? A)Quadratic model B)3^rd degree polynomial model C)3^rd level regression model D)Tri-slope regression model

Question

Quizplus · Accepted Answer

The model is a 3rd degree polynomial model with 3 predictors (_,, and _j). It includes interaction terms (₁x_j_{) and constant terms (B₀, B₂, B₃). The error term (ε) represents the variance that is not explained by the model.}

A Forecasting Model of the Following Form Was Developed: Y