In the simple linear regression model Y = Bo+B 1x + ε, which of the following statements are not required assur about the random error term &? O The expected value of & is zero. The variance of & is the same for all values of the independent variable x. The error term is normally distributed. O The values of the error term are independent of one another. All of the above are required assumptions about .

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In the simple linear regression model Y = B 0 + B ₁x + ε, which of the following statements are not required assumptions
about the random error term &?
O The expected value of & is zero.
O The variance of & is the same for all values of the independent variable x.
O The error term is normally distributed.
The values of the error term are independent of one another.
All of the above are required assumptions about ε.
Transcribed Image Text:In the simple linear regression model Y = B 0 + B ₁x + ε, which of the following statements are not required assumptions about the random error term &? O The expected value of & is zero. O The variance of & is the same for all values of the independent variable x. O The error term is normally distributed. The values of the error term are independent of one another. All of the above are required assumptions about ε.
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