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
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter6: Exponential Functions And Sequences
Section: Chapter Questions
Problem 6CA
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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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