Matching Pairs Concepts of linear regressionOnline version Ejercicio para interpretar y plasmar conceptos de regresión lineal. by Cecilia Cancino Núñez 1 Wage and experience have a/an ___________ 2 Wage and hours have a/an ____________ relation. 3 Ceteris Paribus, an additional year of experience would represent a higher wage of $__________, on average. 4 Wage is the dependent variable, also known as __________ 5 Financial analysts with a Master degree have a wage that is on average $ _________ than analysist with no master. 6 Stochastic error term: 7 Master is a _________ of the model wage=f(Master, Expetience, Performance, Hours) 8 u represents the _________ of the regression model Inverse 1816.94 stochastic error term Regressand Direct Regressor 4271.64 a term that is added to a regression equation to introduce all of the variation in Y that cannot be explained by the included X
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