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
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.2: Representing Data
Problem 2BGP
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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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