Assume the least squares equation is ŷ = 10 + 20x. what does the value of 10 in the equation indicate? when x = 0, y = 10. x increases by 10 for each unit increase in y. y increases by 10 for each unit increase in x. it is the error of estimation.

Question

Mya Thornton

27 February, 10:40

+3

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Eileen Shepherd · Answer 1

We know that

in the equation ŷ = 10 + 20x

the value of 10 is the p redicted value of Y, given X=0 value.

It is also known as Y intersect