December 23, 2020
Linear regression model has two coefficients (1) Slope (say m) (2) Intercept (say c)
For the regression equation y= m1x1 + m2x2 + m3x3 + c, a change in x1(say p), provided that x2 and x3 remain constant, would lead to a change in value of y by p/m1. The intercept c represents the value of y when x1, x2 and x3 are equal to zero.
by : Monis Khan
Quick Summary:
Linear regression model has two coefficients (1) Slope (say m) (2) Intercept (say c) For the regression equation y= m1x1 + m2x2 + m3x3 + c, a change in x1(say p), provided that x2 and x3 remain constant, would lead to a change in value of y by p/m1. The intercept c represents the value […]