In the line: Y=BO+B1X+u What is NOT the interpretation of B1? The marginal value of x...

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Answer 1

Answer #1

Answer: The intercept of Y.

B₁ is not the intercept of Y.

Y = B₀ + B₁X + u

The intercept of Y here is 'B₀+ u'

'B₁' is slope of Y with respect to X, the value of an additional unit of X to Y, and the marginal value of X.

Thus B₁ is not the intercept of Y.

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Answer 2

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