Refer to Saskatoon Company. Using the least squares (regression) method, what is the value of the intercept (rounded to the nearest penny)?
A) $0.99
B) $195.35
C) $10,630.80
D) $190,267.00

Question

Quizplus · Accepted Answer

The intercept in a least squares regression equation represents the expected value of the dependent variable when all independent variables are zero. In this context, $10,630.80 is the calculated intercept value.