Evaluation criteria of regression equation must be considered as

goodness of fit
economic plausibility
significance of independent variable
all of above

The correct answer is D. all of the above.

Goodness of fit is a measure of how well the regression line fits the data. It is usually measured by the coefficient of determination, $R^2$. A high $R^2$ value indicates that the regression line fits the data well.

Economic plausibility is a measure of whether the results of the regression make economic sense. For example, if the regression results indicate that a 1% increase in the price of a product leads to a 10% decrease in demand, this would be economically implausible, as it would suggest that consumers are very sensitive to price changes.

Significance of independent variable is a measure of whether the independent variable has a statistically significant effect on the dependent variable. This is usually measured by the p-value. A p-value less than 0.05 indicates that the independent variable has a statistically significant effect on the dependent variable.

All of these criteria are important to consider when evaluating a regression equation. A regression equation that does not have a good fit to the data, or that is not economically plausible, or that does not have statistically significant independent variables, is not likely to be very useful.

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