The sample regression line
A. maximizes the sum of the squared differences between the data points in a sample and the sample regression line.
B. shows the actual (or true) relation between the dependent and independent variables.
C. is used to estimate the population regression line.
D. is estimated by the population regression line.
E. connects the data points in a sample.
Answer: C
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Refer to Budget Lines. If the consumer purchased basket D last year and basket A this year,
a. They are definitely better off this year than last year.
b. They were definitely better off last year than this year.
c. They could be equally well off in the two years.
d. It is impossible to tell wether they are better or worse off, even if we knew the person's preferences.
Sales of government securities to banks ____ total and excess reserves and ____ the money supply.
A. increase; decrease B. decrease; increase C. decrease; decrease D. increase; increase
The practice of forcing employers to use more labor than they would otherwise use is called
A) railroading. B) featherbedding. C) dumping. D) bootstrapping.
Suppose an economy's money supply is fixed at $4,000 and its nominal GDP is $800,000. Calculate the velocity of money
What will be an ideal response?