In the model Y = β₀ + β₁X₁ + β₂X₂ + ε, which of these parameters represents a coefficient of an independent variable?

Name: In the model Y = β 0 + β 1 X 1 + β 2 X 2 + ε, which of these parameters represents a coefficient of an independent variable?
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Question

Quizplus · Accepted Answer

In this model, the β terms (like β₁) represent coefficients of independent variables, which are parameters that multiply the independent variables in regression models.

In the Model Y = β0 + β1X1 + β2X2

In the Model Y = β₀ + β₁X₁ + β₂X₂