Question

Bill wants to write the equation that demonstrates the model for explaining quarter-life crisis. He is using optimism, locus of control, income, and years since completing college as explanatory variables. Which of the following equations is most appropriate?

A. = a + b1X1 + b2X2 + 3X3 + 4X4
B. Y = 0 + 1Xi
C. Yi = 0 + 1X1 + 2X2 + 3X3 + 4X4 + ei
D. = a + bXi
E. None of the above

Answer 1

The answer is C

Explanation:

C. Yi = 0 + 1X1 + 2X2 + 3X3 + 4X4 + ei