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The following regression equation was estimated: Y = -2.0 + 4.6X. Please explain the meaning of...

The following regression equation was estimated: Y = -2.0 + 4.6X. Please explain the meaning of -2 and 4.6. What would be the value of Y if X = 20.

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The value of -2 states that the variable Y will take the value of -2 when it is not dependent on any other variable, whereas the value of 4.6 states that for every unit increase in X the value of Y will increase by 4.6. When the value of X is equal to 20 then the value of Y will be equal to (4.6×20) - 2 which is equal to 90.

Rahul Sunny answered 2 years ago
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