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BIT 3434 Chapter 9 Exam Questions And Accurate Answers
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BIT 3434 Chapter 9 Exam Questions And Accurate AnswersRegression analysis is: - Answer A modeling technique for analyzing the relationship
between a continuous dependent variable Y and one or more independent variables X1,
X2, .Xn
In the model: Y = f(X1, X2, ., Xk) +ε, the term ɛ is called: - Answer A random disturbance,
or error.
An aspect of unsystematic or random variation in the dependent variable is represented
by _________ in equation f(X1, X2, ., Xk) + ε. - Answer ε
In the equation: Yi = ????0 + ????1X1 i + ????i, ????0 and ????1 are referred to as: -
Answer Population parameters
In a simple linear regression model, the estimates of ????0 and ????1 are written as b0
and b1. These values b0 and b1 are known as: - Answer Sample statistics
The element within the bracket, that is, (Yi - ) is known as: - Answer The estimation error,
or residual, for observation i
Regression analysis finds the values of the parameter estimates that minimize the sum
of squared estimation errors. This method is known as: - Answer The method of least
squares
If one uses Solver to estimate the parameters of a simple linear regression model, then
the objective function is to minimize ESS, with no constraints. This is an example of: -
Answer f*cking quizlet making people pay $20 a year just to add pictures what the f*ck
also profanity isnt allowed f*ck this
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