In: Statistics and Probability
1. Please write out the basic (i.e., single-predictor) regression equation.
Y=...
2. If the unstandardized regression coefficient (the slope of y on x) in a basic, single-predictor regression was found to be b_yx=-0.40, what is the interpretation of "b_yx=-0.40"?
3. If the regression constant (the y intercept) in a basic, single-predictor regression was found to be a=0.80, what is the interpretation of "a=0.80"?
Solution:
Part1) the basic (i.e., single-predictor) regression equation:
where a = Intercept and = Slope coefficient
y = dependent ( Response variable)
x = independent ( Explanatory variable)
Part 2) If the unstandardized regression coefficient (the slope of y on x) in a basic, single-predictor regression was found to be byx=-0.40, what is the interpretation of "byx=-0.40"?
Slope is the amount of change in response variable for unit change in explanatory variable.
Here slope = byx=-0.40, which is negative.
Thus for unit increase in explanatory variable X , there is decrease in response variable Y by 0.40 unit.
Part 3) If the regression constant (the y intercept) in a basic, single-predictor regression was found to be a=0.80, what is the interpretation of "a=0.80"?
Y-intercept is the constant value or it is the value of response variable when value of explanatory variable = 0 or explanatory variable is absent.
Thus here Y-intercept = a = 0.80
The value of response variable is a = 0.80 ,when explanatory variable = X = 0 or it is absent.