Question
In: Statistics and Probability
In simple linear regression, describe (in words) how the parameters of the equation of the line...
In simple linear regression, describe (in words) how the parameters of the equation of the line (i.e., bo and b1) are determined?
Solutions
Expert Solution
Let x be the independent variable and y be dependent variable.
Regression equation is
where the parameter 
is intercept and 
is slope of regression line.
We can find b0 and b1 using below formuale:
where n is total number of observations for x or y.
or
where 
is sampl mean of y and 
is sample mean of x.
orchestra answered 2 years agoRelated Solutions
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