Consider the following simple linear regression model: y = β₀ + β₁x +ε.The random error term is ____. A) y B) x C) ε D) β₀

Name: Consider the following simple linear regression model: y = β 0 + β 1 x +ε.The random error term is ____. A) y B) x C) ε D) β 0
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Quizplus · Accepted Answer

The random error term is denoted by ε in the model equation. Options A, B, and D are all variables or coefficients in the model equation and therefore cannot be the random error term.

Consider the Following Simple Linear Regression Model: Y = β0

Consider the Following Simple Linear Regression Model: Y = β₀