In the regression equation c = beta_0 + beta_1 i + u, c denotes consumption and i denotes income. what is the residual for the 5th observation if c_5 =$475 c_5 = 500?

see explanation

step-by-step explanation:

since the sequence is geometric there is a common ratio r between consecutive terms, that is

r = 4 ÷ - 2 = - 2

r = - 8 ÷ 4 = - 2

r = 16 ÷ 8 = - 2

the next term - 13 must be incorrect as it should be - 32 for the sequence to be geometric.

the first 4 terms are therefore geometric with common ratio r = - 2

the answer is ! ?

step-by-step explanation:

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