The Y-intercept, b₀, of the least squares line represents the: A) estimated average value of Y when X = 0. B) estimated average change in Y per unit change in X. C) predicted value of Y. D) variation around the sample regression line.

Question

Quizplus · Accepted Answer

The Y-intercept, b, represents the value of Y when X = 0. So, it is the estimated average value of Y when X = 0 in the given least squares line.

The Y-Intercept, B0, of the Least Squares Line Represents

The Y-Intercept, B₀, of the Least Squares Line Represents