1. Section #1 Attempted: 0/25 Question 1 Revisit Later Choose the best option Clear Respo Suppose we have a simple linear regression model of consumption and income (a prevalent theory in economics that consumption is positively connected to income). Suppose we specify An error term that has a Gaussian set-up with a mean of zero the following regression model: C = a + BY+ & E /All those factors that explain consumption but are not considered in the Where Y and C are income and consumption, respectively. a is an intercept that represents the regression equation autonomous consumption that is not dependent on income. What does the &, term represents with respect to the consumption theory shown in equation 1? FilmConsumption is linearly related to income, and it captures the sensitivity of the coefficients None of the above