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28 August, 04:06

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.

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  1. 28 August, 05:42
    0
    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
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