The equation for a (deterministic) straight line is $y = \beta _ { 0 } + \beta _ { 1 } x$. If the line passes through the points $( 7,6 )$ and $( 5,4 )$, find the values of $\beta _ { 0 }$ and $\beta _ { 1 }$, respectively.

Name: The equation for a (deterministic) straight line is $y = \beta _ { 0 } + \beta _ { 1 } x$. If the line passes through the points $( 7,6 )$ and $( 5,4 )$, find the values of $\beta _ { 0 }$ and $\beta _ { 1 }$, respectively.
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The Answer is

\beta _ { 0 } = - 1 , \beta _ { 1 } = 1

The Equation for a (Deterministic) Straight Line Is y=β0+β1xy = \beta _ { 0 } + \beta _ { 1 } xy=β0​+β1​x

The Equation for a (Deterministic) Straight Line Is $y = \beta _ { 0 } + \beta _ { 1 } x$