In an econometric model, Y = ∞ + βX, ∞ shows,

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Question:

In an econometric model, Y = ∞ + βX, ∞ shows,

A.

intercept of the equation

B.

slope of the equation

C.

average value of y for average value of x

D.

rate of change

Answer» a. intercept of the equation

Note: The above multiple-choice question is for all general and Competitive Exams in India.