BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The population parameters that describe the y-intercept and slope of the line relating y and x, respectively, are ____
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B0 and B1
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y and x
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a and b
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a and B
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Explanation:
Detailed explanation-1: -Answer and Explanation: According to the definition of the equation of regression analysis, the Y-intercept represents the predicted value of Y when X = 0.
Detailed explanation-2: -A linear regression line has an equation of the form Y = a + bX, where X is the explanatory variable and Y is the dependent variable. The slope of the line is b, and a is the intercept (the value of y when x = 0).
Detailed explanation-3: -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).
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