A predicted value of a dependent variable: represents the difference between the
ID: 3359441 • Letter: A
Question
A predicted value of a dependent variable:
represents the difference between the expected value of the dependent variable and its actual value.
is independent of explanatory variables and can be estimated on the basis of the residual error term only.
represents the expected value of the dependent variable given particular values for the explanatory variables.
is always equal to the actual value of the dependent variable.
a.represents the difference between the expected value of the dependent variable and its actual value.
b.is independent of explanatory variables and can be estimated on the basis of the residual error term only.
c.represents the expected value of the dependent variable given particular values for the explanatory variables.
d.is always equal to the actual value of the dependent variable.
Explanation / Answer
The predicted value of the dependent variable
represents the expected value of the dependent variable given particular values for the explanatory variables.