suppose we have 60 days of data on the price and quantity of a shop, during that time, the price remains the same but the daily quantity fluctuates. which of the following statement is correct? A. if we regress quantity on price, the R-squared will be 0. B. if we regress quantity on price, the R-squared will be 1. C. if we regress price on quantity, the intercept estimate will be 0. D. none of above
suppose we have 60 days of data on the price and quantity of a shop, during that time, the price remains the same but the daily quantity fluctuates. which of the following statement is correct? A. if we regress quantity on price, the R-squared will be 0. B. if we regress quantity on price, the R-squared will be 1. C. if we regress price on quantity, the intercept estimate will be 0. D. none of above
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.3: Using Data Displays
Problem 2C
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suppose we have 60 days of data on the price and quantity of a shop, during that time, the price remains the same but the daily quantity fluctuates. which of the following statement is correct?
A. if we regress quantity on price, the R-squared will be 0.
B. if we regress quantity on price, the R-squared will be 1.
C. if we regress price on quantity, the intercept estimate will be 0.
D. none of above
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