In the graph of the simple linear regression equation, the parameter ß₁ is the ___________ of the true regression line. A)slope B)x-intercept C)y-intercept D)end-point

Question

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The parameter ß₁ in a simple linear regression equation represents the slope of the true regression line, indicating the change in the dependent variable for a one-unit change in the independent variable.

In the Graph of the Simple Linear Regression Equation, the Parameter