In the simple linear regression model, the ____________ accounts for the variability in the dependent variable...
In the simple linear regression model, the ____________ accounts for the variability in the dependent variable that cannot be explained by the linear relationship between the variables.
| a. |
constant term |
|
| b. |
residual |
|
| c. |
model parameter |
|
| d. |
error term |
Homework Answers
d. error term
[Reason] It is often said that the error term in a regression equation represents the effect of the variables that were omitted from the equation & an error term is created when a model does not precisely depict the relationship between different types of variables
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