Manipulating Simple Regression Models for Different Slopes

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Questions and Answers

Which assumption of the multiple linear regression model is violated when important variables are omitted from the model?

  • Zero conditional mean (correct)
  • Homoskedasticity
  • Normality of error terms
  • No multicollinearity

In the population regression function $E(y|x) = \beta_0 + \beta_1 x$, what does $\beta_1$ represent?

  • The error term of the regression model
  • The intercept of the regression line
  • The slope of the regression line (correct)
  • The coefficient of determination

In the Ordinary Least Squares (OLS) estimation, what is the objective function that is minimized?

  • The sum of squared residuals (correct)
  • The sum of absolute residuals
  • The sum of cubed residuals
  • The maximum absolute residual

If the slope coefficient $\beta_1$ in the simple linear regression model is positive, what can be inferred about the relationship between the dependent and independent variables?

<p>There is a positive linear relationship (B)</p> Signup and view all the answers

In the regression equation $y_i = \hat{\beta}_0 + \hat{\beta}_1 x_i + \hat{u}_i$, what does $\hat{u}_i$ represent?

<p>The residual or error term (B)</p> Signup and view all the answers

If the coefficient of determination ($R^2$) in a multiple linear regression model is close to 1, what can be inferred about the model's fit?

<p>The model has a good fit to the data (C)</p> Signup and view all the answers

If the residuals in a linear regression model exhibit a pattern when plotted against the fitted values, what assumption is likely violated?

<p>Homoskedasticity (B)</p> Signup and view all the answers

In a multiple linear regression model, what does multicollinearity refer to?

<p>Correlation between the independent variables (A)</p> Signup and view all the answers

What is the interpretation of the intercept coefficient ($\beta_0$) in a linear regression model?

<p>The expected value of the dependent variable when all independent variables are zero (B)</p> Signup and view all the answers

If the slope coefficient $\beta_1$ in a simple linear regression model is negative, what can be inferred about the relationship between the dependent and independent variables?

<p>There is a negative linear relationship (A)</p> Signup and view all the answers

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