BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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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Detailed explanation-1: -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-2: -In a regression line passing through a set of data points in data sets Argument1 and Argument2, the slope is the vertical distance divided by the horizontal distance between any two points on the line. This ratio is also known as the rate of change along the line.
Detailed explanation-3: -Regression describes the relationship between independent variable ( x ) and dependent variable ( y ), Beta zero ( intercept ) refer to a value of Y when X=0, while Beta one ( regression coefficient, also we call it the slope ) refer to the change in variable Y when the variable X change one unit.
Detailed explanation-4: -True The slope of the simple linear regression equation represents the average change in the value of the dependent variable per unit change in the independent variable (X).