A multiple regression model has the form ŷ = b₀+ b₁x₁ + b₂x₂. Which of the following best describes b₂? A) We estimate for each one unit increase in x₂, that y will increase by b₂ units, on average. B) Whilst holding x₁constant, we estimate for each one unit increase in x₂, that y will increase by b₂ units, on average. C) Whilst holding x₂constant, we estimate for each one unit increase in x₁, that y will increase by b₂ units, on average. D) Whilst holding x₁constant, we estimate for each one unit increase in x₂, that y will increase by b₁ units, on average.

Question

Quizplus · Accepted Answer

b₂ represents the change in the dependent variable y for a one-unit change in x₂, while holding x₁ constant.

A Multiple Regression Model Has the Form ŷ = B0

A Multiple Regression Model Has the Form ŷ = B₀