3 Question 2 (1 point)

Application of simple linear regression analysis to the estimation of a demand equation has yielded the following: Q = 24 - 2P If the current product price is P = $8 and the quantity sold per time period is Q = 10, then the squared error (e²) for the current time period is equal to

Question 2 options:

a)

4

b)

2

c)

8

d)

1