You are fitting a linear regression model to predict house price based on house internal size (in square meters). The model learns the following equation:
price = 50 000 + 3000 × size What does the coefficient 3000 represent?

Question

You are fitting a linear regression model to predict  house price  based on house internal  size  (in square meters). The model learns the following equation: 
 price = 50 000 + 3000 × size What does the coefficient  3000  represent?

Accepted Answer

The increase in price for each additional square meter

Answer

The average price of a house in the dataset

Answer

The total price of a 1 m² house

Answer

The average number of square meters in the dataset

Crowdly

You are fitting a linear regression model to predict house price based on ho...

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