Regression Definitions
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I. B0 (beta sub zero) = population intercept
ii. B1 (beta sub one) = population slope
iii. e (epsilon) = random error
iv. r = coefficient of correlation
v. r2 (r-squared) = coefficient of determination
vi. Independent variable
vii. Dependent variable
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The expert provides definition of statistical terms.
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i. B0 (beta sub zero) = population intercept
When you fit a regression line to data, this is it y-intercept of the line. That means it is an estimate of the y-value (the dependent variable) when the x-value (the independent variable) is equal to 0.
ii. B1 (beta sub one) = population slope
This is the slope of the regression line. If you increase the value of x by 1, this is the expected change in the value of y.
iii. e (epsilon) = random error ...
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