Which is not an assumed characteristic of ε_i in the population model y_i = β₀ + β₁ x_i + ε_i? A)It is a random variable. B)It has zero mean. C)It is a statistic. D)It is unobservable.

Name: Which is not an assumed characteristic of ε i in the population model y i = β 0 + β 1 x i + ε i ? A)It is a random variable. B)It has zero mean. C)It is a statistic. D)It is unobservable.
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Question

Quizplus · Accepted Answer

ε_i is not a statistic, but rather a term used to represent the error of the model.

Which Is Not an Assumed Characteristic of εi in the Population

Which Is Not an Assumed Characteristic of ε_i in the Population