In a multiple regression model, the error term ɛ is assumed to Have a mean of 1 Have a variance of 0 Have a standard deviation of 1 Be normally distributed
Question
In a multiple regression model, the error term ɛ is assumed to Have a mean of 1 Have a variance of 0 Have a standard deviation of 1 Be normally distributed
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Solution 1
In a multiple regression model, the error term ɛ is assumed to:
- Have a mean of 0: This assumption means that the expected value of the error term is zero. This is because we assume that our model is correctly specified, i.e., it includes all relevant variables and correctly models the relationsh Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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