ECS 3706

University of South Africa

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ECS3706 Exam (Assignment) Questions and Answers/ 100 out of 100

ECS3706 Exam (Assignment) Questions and Answers/ 100 out of 100
Exam (elaborations) • 9 pages • 2023

QUESTION A1 (20 marks) (a) Explain the following terms i. Estimated regression equation usually population size may be too large or unknown therefore inference is made on the sample drawn from the population using the estimated regression equation which is the statistical technique that attempts to explain movements in one dependent variable given independent variables ii. Expected value Expected value is the anticipated long-run average value of X if this die is rolled over and over and over an...