Ask a question and you will be Econometrics deals with the measurement of variable relationships which are stochastic or random. The simplest form of variable relationships between two variables X and Y can be represented by: Y; = a + BX; +U ; where a & B are regression parameters and U, = the stochastic disturbance term What are the reasons for the insertion of U-term in the model? to find an answer!

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Econometrics deals with the measurement of variable relationships which are stochastic or random. The simplest form of variable relationships between two variables X and Y can be represented by: Y; = a + BX; +U ; where a & B are regression parameters and U, = the stochastic disturbance term What are the reasons for the insertion of U-term in the model?

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Yugiske 2025-02-18T21:56:09+05:00 1 Answer 25 views Beginner
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  1. Mechanical Engineering Expert
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    2025-02-18T23:18:39+05:00
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