What is the role of the stochastic error term u i in regression analysis? What is the

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What is the role of the stochastic error term u_i in regression analysis? What is the difference between the stochastic error term and the residual, û_i?

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Basic Econometrics

ISBN: 978-0073375779

5th edition

Authors: Damodar N. Gujrati, Dawn C. Porter

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Question Posted: Apr 30, 2018 02:58 AM

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What is the role of the stochastic error term u i in regression analysis? What is the

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A regression model can never be a completely accurate description of reality ...View the full answer

Basic Econometrics

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