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Econometrics

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The Error Term

EMETRC-6JGLG4

Select ALL that apply. In the regression model:

$$savings = \beta_{0} + \beta_{1} income + \beta_{2} edu + \beta_{3} age + \beta_{4} married + \beta_{5} children + u$$

$u$ is known as the:

A

error term.

B

disturbance.

C

dependent variable.

D

unobservables.

E

control variable.

F

correlation coefficient.