QUESTION 13 For a simple linear regression model, the estimated intercept is 5, and the estimated...
QUESTION 13
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For a simple linear regression model, the estimated intercept is 5, and the estimated slope is -3, it implies that
as the independent variable increases by 1 unit, the dependent variable would increase by 5 units.
as the independent variable increases by 1 unit, the dependent variable would decrease by 3 units.
as the dependent variable increases by 1 unit, the independent variable would increase by 5 units.
as the dependent variable increases by 1 unit, the independent variable would decrease by 3 units.
Homework Answers
As the independent variable increases by 1 unit, the dependent variable would decrease by 3 units
The independent variable is given in the x axis and the dependent variable is given in the y axis. Slope is the rate of change of y with respect to unit change in x. Here, slope is -3 means, when x increases by 1 unit, y decreases by 1 unit.
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QUESTION 13
For a simple linear regression model, the estimated intercept is
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