Introduction to Statistical Methods and Econometrics — Economics STD 12 — Question
Tamilnadu BoardEnglish MediumSTD 12EconomicsIntroduction to Statistical Methods and Econometrics3 Marks
Question
Write the assumptions of the Linear Regression Model?
✓
Answer
Assumptions of the Linear Regression Model:
The Linear regression model is based on certain assumptions
1. Some of them refer to the distribution of the random variable.
2. Some of them refer to the relationship between $U_i$ and the explanatory variables ( $x_1, x_2, x_3$ given in the above example).
3. Some of them refer to the relationship between $U_i$ the explanatory variables themselves.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.