Given the multiple linear regression equation, ŷ = b₀+ b₁x₁ + b₂x₂, the value of b₂ is the estimated average increase in y for a one unit increase in x₂, whilst holding x₁ constant.

Question

Quizplus · Accepted Answer

The equation shows that ŷ is a function of x₁, x₂, and their respective coefficients. The coefficient b₂ represents the estimated average increase in y when x₂ is increased by one unit, while holding x₁ constant. Therefore, the statement is true.

Given the Multiple Linear Regression Equation, ŷ = B0

Given the Multiple Linear Regression Equation, ŷ = B₀