Multiple Choice
Consider the following regression equation: y = 0+
1x1+ …+
k xk + u In which of the following cases, the dependent variable is binary?
A) y indicates the gross domestic product of a country
B) y indicates whether an adult is a college dropout
C) y indicates household consumption expenditure
D) y indicates the number of children in a family
Correct Answer:

Verified
Correct Answer:
Verified
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