The following is a multiple regression model. What do the regression coefficients b₁ and b₂ represent? Y _i= b₀ + b₁X_1i + b₂X_2i +e_i A)slopes of independent variables B)slopes of dependent variables C)random error term D)graph intercept

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Regression coefficients b1 and b2 in a linear regression model represent slopes of the independent variables under study. Key Takeaway: Multiple regression analysis is used to study the effect of two or more independent variables on the dependent variable. In the linear regression model, b₁ and b₂ are calculated slopes of the independent variables. For example, if a marketing researchers is studying income and level of education as independent variables, their slopes in the analysis would be represented as b1 and b2.

The Following Is a Multiple Regression Model