Question
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
A. The dependent variable increases 2.1 for an increase of 1 in X.
B. The regression line crosses the Y-axis at 3.5.
C. If X = 5, then Y = 14.
D. All of the above.
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Essentials Of Business Statistics Communicating With Numbers
Authors: Sanjiv Jaggia, Alison Kelly
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