In the regression specification y = a + bx + cz + e the parameter a is usually interpreted as: Select one: a. None of these b. a meaningless number that enables a linear functional form to provide a...

In the regression specification y = a + bx + cz + e the parameter a is usually interpreted as:

Select one:

a. None of these

b. a meaningless number that enables a linear functional form to provide a good approximation to an unknown functional form

c. the increase in y whenever x and z increase by one

d. the level of y whenever x and z are zero

e. the level of y whenever only x is zero

Jun 05, 2022

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