Suppose an estimated least squares regression line was calculated as
estimated y = 2x + 1
Which of the following is the correct interpretation of the slope coefficient?

Question

Suppose an estimated least squares regression line was calculated as estimated y = 2x + 1 Which of the following is the correct interpretation of the slope coefficient?

Accepted Answer

For every unit increase in x, y increases on average by 2 units

Answer

For every unit increase in x, y increases on average by 2 units

Answer

For every unit increase in x, y decreases on average by 2 units

Answer

The residual sum of squares is 2

Crowdly

Suppose an estimated least squares regression line was calculated as estimated y...

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