Consider the regression model Y = Bo + B1X; + u¿. Suppose that the estimated OLS regression line is Ÿ = 9.72 (there is no mistake in this equation). Which of the following is definitely true? There is insufficient variation in the variable X

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Consider the regression model Y; = Bo + B1 X; + u;. Suppose that the estimated OLS regression line is Ÿ = 9.72 (there is no mistake in this equation). Which of the following is definitely true?
There is insufficient variation in the variable X
None of the other options is correct
For every i, uį = 0
For every i, û; = 0
The regression R² is zero
B would be estimated imprecisely
Transcribed Image Text:4. Consider the regression model Y; = Bo + B1 X; + u;. Suppose that the estimated OLS regression line is Ÿ = 9.72 (there is no mistake in this equation). Which of the following is definitely true? There is insufficient variation in the variable X None of the other options is correct For every i, uį = 0 For every i, û; = 0 The regression R² is zero B would be estimated imprecisely
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