Question: REQUESTED ASSISTANCE - Would you please review the provided answer as well as the provided detailed explanation / analysis for the answer to the below
REQUESTED ASSISTANCE - Would you please review the provided answer as well as the provided detailed explanation / analysis for the answer to the below prediction equation question. Is the provided answer correct, and what improvements can be made to the provided detailed explanation / analysis for the answer (please provide substantive responses)?
In the prediction equation Y= 36+6X, identify the Y intercept and the slope
ANSWER: The Prediction equation is given by Y=a+b*X, this gives when value of X is zero, Y = a; therefore the value of a is nothing but the Y-intercept, the coefficient b is called as regression coefficient, considering the regression equation we could see that increase in one unit of X will increase the value of Y by b units, therefore this constant is known as slope. Thus in the given prediction equation Y intercept is 36 and the slope is 6.
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