« previous next »

Author Question: In Ordinary Least Squares Regression, the gap between the value of the dependent variable and the ... (Read 53 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
on: Jul 1, 2018
In Ordinary Least Squares Regression, the gap between the value of the dependent variable and the predicted value is called
 
  A) the error term.
  B) the minimizing coefficient.
  C) the residual.
  D) the explanatory variable.

Question 2

Explain the difference between diminishing returns to labor and diminishing marginal returns to labor.
 
  What will be an ideal response?


ms_sulzle

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

Diminishing returns to labor means that an increase in the number of labor units will decrease the amount of output. Diminishing marginal returns means that additional units of labor increase output at a decreasing rate.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Refraction Through Uniform and Variable Thickness Glasses Refraction Through Uniform and Variable Thickness Glasses
Variable Gases: Methane Variable Gases: Methane
How to Factor a Difference of Squares How to Factor a Difference of Squares
How to solve a linear system when the variable is in the denominator position (Question 2 of 2) How to solve a linear system when the variable is in the denominator position (Question 2 of 2)
How to rearrange formulas to isolate for a variable (Part 2) How to rearrange formulas to isolate for a variable (Part 2)
Solow Model with Saving Dependent on Income Level Solow Model with Saving Dependent on Income Level
Video: Audiology

For a complete list of videos, visit our video library