Question: QUESTION 1 Consider the following model: Y= a +BX+e. Which of the following statements is not true? A. The parameters of the model are Y

QUESTION 1 Consider the following model: Y= a

QUESTION 1 Consider the following model: Y= a +BX+e. Which of the following statements is not true? A. The parameters of the model are Y and X. O B. a is an intercept. O c. The model involves one dependent and one independent variable. OD. e represents the error in the model. QUESTION 2 If Bank of America wants to predict the balance in its customer's bank account given the customer's age, they can use a simple regression analysis y=bo + b1X+e (Equation 1) Which variable should the companies use as the y in the regression above? O A. Account ID O B. Age It cannot be determined from the information provided. OC. Balance OD

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