BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In the graph of the simple linear regression equation, the parameter ß0 represents the ____ of the true regression line.
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slope
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x-intercept
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y-intercept
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end-point
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Explanation:
Detailed explanation-1: -The linear regression intercept 0 is the predicted value of the outcome Y when the predictor X equals zero.
Detailed explanation-2: -Linear Regression The parameters and are regression parameters that have to be estimated from data. The quantity e is an error random variable that has expected value 0. is called the estimated regression line.
Detailed explanation-3: -The first symbol is the unstandardized beta (B). This value represents the slope of the line between the predictor variable and the dependent variable.
Detailed explanation-4: -The constant term in regression analysis is the value at which the regression line crosses the y-axis. The constant is also known as the y-intercept.
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