Question: In a simple linear regression model with only one independent variable, if we change the input variable by 1 unit. How much the output variable

In a simple linear regression model with only one independent variable, if we change the input variable by 1 unit.



How much the output variable will change accordingly on average?

Step by Step Solution

3.48 Rating (145 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

In a simple linear regression model with only one independent variab... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!