Techniques in Business & Economics, Statistics
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Assume the least squares equation is Y' = 10 + 20X. What does the value of 10 in the equation indicate?
Y intercept
For each unit increased in Y, X increases by 10
For each unit increased in X, Y increases by 10
None of the above
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The solution describes what does the value of 10 in the equation indicate if least squares equation is Y' = 10 + 20X.
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