Multiple Choice
If you were to use Excel to estimate Y = b0 + b1 X + ε with binary Y (0 or 1) you would expect
A) an error message because Excel does not allow a binary Y.
B) predicted probabilities greater than 1 or less than 0.
C) predictions that are either 0 or 1.
D) residuals that are homoscedastic and normally distributed.
Correct Answer:
Verified
Correct Answer:
Verified
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