Asked by Beniah Greene on Jul 13, 2024
Verified
The Y-intercept,b0,of the least squares line represents the:
A) estimated average value of Y when X = 0.
B) estimated average change in Y per unit change in X.
C) predicted value of Y.
D) variation around the sample regression line.
Y-intercept
The point where a line or curve intersects the y-axis of a graph, corresponding to the value of the dependent variable when all independent variables are zero.
Least Squares Line
A line of best fit determined by minimizing the sum of squares of the differences between observed values and the values predicted by the line.
Sample Regression Line
A line of best fit through a scatterplot of sample data points in regression analysis, used to estimate the relationship between variables.
- Understand the calculation and implications of slopes and intercepts in linear regression.
Verified Answer
Learning Objectives
- Understand the calculation and implications of slopes and intercepts in linear regression.
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