« previous next »

Author Question: In Ordinary Least Squares Regression, the gap between the value of the dependent variable and the ... (Read 57 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?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Refraction Through Uniform and Variable Thickness Glasses Refraction Through Uniform and Variable Thickness Glasses
An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Negative feedback control of a regulated variable. Negative feedback control of a regulated variable.
Mechanism of the two-component molybdenum-dependent nitrogenase reaction Mechanism of the two-component molybdenum-dependent nitrogenase reaction
Generation of diversity by variable V-J joining mechanisms Generation of diversity by variable V-J joining mechanisms
Separation of variable number tandem repeat (VNTR) alleles after PCR amplification Separation of variable number tandem repeat (VNTR) alleles after PCR amplification
Video: Four Giant Convection Cells oF Earth

For a complete list of videos, visit our video library