Suppose we developed the following least squares regression equation: - 6062

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Suppose we developed the following least squares regression equation: Y= = 3.5 + 2.1X. Which of the following statements are correct?

a. The dependent variable increases 2.1 for an increase of 1 in X.

b. The equation crosses the Y-axis at 3.5.

c. If X = 5, then Y= = 14.

d. All of the above.

 
Solution Description

Suppose we developed the following least squares regression equation: Y= = 3.5 + 2.1X. Which of t