Question
Economics Question on Linear regression
Linear regression model is:
A
Linear in explanatory variables but may not be linear in parameters
B
Nonlinear in parameters and must be linear in variables
C
Linear in parameters and must be linear in variables
D
Linear in parameters and may not be linear in variables
Answer
Linear in parameters and may not be linear in variables
Explanation
Solution
The correct option is(D): Linear in parameters and may not be linear in variables