Techniques in business-economics-statistics


Question: Assume the least squares equation is Y' = 10 + 20X. What does the value of 10 in the equation indicate?

  • Y intercept
  • For each unit increased in Y, X increases by 10
  • For each unit increased in X, Y increases by 10
  • None of the above

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Accounting Basics: Techniques in business-economics-statistics
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