« previous next »

Author Question: In Ordinary Least Squares Regression, the gap between the value of the dependent variable and the ... (Read 54 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?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

CD23 dependent epitope spreading CD23 dependent epitope spreading
The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil
The location of the variable fuel sensor can vary, depending on the make and model of vehicle, but ... The location of the variable fuel sensor can vary, depending on the make and model of vehicle, but ...
Variable Gases: Water Vapor Variable Gases: Water Vapor
Difference of Squares Difference of Squares
Assume z is a standard normal random variable. What is the value of z if the area to the right ... Assume z is a standard normal random variable. What is the value of z if the area to the right ...
Video: Griffith's experiments

For a complete list of videos, visit our video library