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You have fitr a simple regression model to monthly time series data nad the model is...

You have fitr a simple regression model to monthly time series data nad the model is Y1 = 1.2 + 0.5^t. What is the interpretation of 0.5, the coefficient associated with t?

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simple regression model to monthly time series data nad the model is Y1 = 1.2 + 0.5^t.

Now here we have to give the interpretation of 0.5 coefficient of association.

Here 0.5 is the value the slope in the regression line therefore it represents the change in the predicted value of Y1 when the value of t is one unit.

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