Question
The equation for the regression line that predicts home equity using FICO credit score as the explanatory variable is Y^=1798X+0 What is the interpretation of
The equation for the regression line that predicts home equity using FICO credit score as the explanatory variable is
Y^=1798X+0
What is the interpretation of the slope?
What is the interpretation of the intercept?
Pick Decrease in FICO credit score as home equity increases Decrease in home equity as FICO credit score increases Increase in FICO credit score as home equity increases Increase in home equity as FICO credit score increases No practical interpretation
Pick FICO credit score when home equity is 0 Home equity when FICO credit score is 0 No practical interpretation
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