Consider the fitted linear model : = Bo+ Bjr. where y is quantity of consumption, x is income, and i indexes UK households. Identify the WRONG sentence. O The fitted model allows to predict the value of consumption for any possible level of income O B, is the percentage change in consumption due to a unit change in income O Ba is the amount of predicted consumption if income is equal to zero O The difference between the data point y, and ŷ, is the residual u

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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Consider the fitted linear model : = Bo+ Bjr. where y is quantity of consumption, x is income, and i
indexes UK households. Identify the WRONG sentence.
O The fitted model allows to predict the value of consumption for any possible level of income
O B, is the percentage change in consumption due to a unit change in income
O Ba is the amount of predicted consumption if income is equal to zero
O The difference between the data point y, and ŷ, is the residual u
Transcribed Image Text:Consider the fitted linear model : = Bo+ Bjr. where y is quantity of consumption, x is income, and i indexes UK households. Identify the WRONG sentence. O The fitted model allows to predict the value of consumption for any possible level of income O B, is the percentage change in consumption due to a unit change in income O Ba is the amount of predicted consumption if income is equal to zero O The difference between the data point y, and ŷ, is the residual u
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