In the simple linear regression equation ŷ = bo + b₁x, how is b₁ interpreted? it is the change in x that occurs with a one-unit change in It is the estimated value of ŷ when x = 0 O It is the change in ŷ that occurs when bo increases it is the change in ŷ that occurs with a one-unit change in x

Operations Research : Applications and Algorithms
4th Edition
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Wayne L. Winston
Chapter24: Forecasting Models
Section24.8: Multiple Regression
Problem 6P
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In the simple linear regression equation ŷ = bo + b₁x, how is b₁ interpreted?
it is the change in that occurs with a one-unit change in y
O It is the estimated value of ŷ when x = 0
O
It is the change in ŷ that occurs when bo increases
O it is the change in ŷ that occurs with a one-unit change in
Transcribed Image Text:In the simple linear regression equation ŷ = bo + b₁x, how is b₁ interpreted? it is the change in that occurs with a one-unit change in y O It is the estimated value of ŷ when x = 0 O It is the change in ŷ that occurs when bo increases O it is the change in ŷ that occurs with a one-unit change in
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