A multiple regression model has the form ŷ = 24- 0.001x₁ + 3x₂.
As x₁ increases by 1 unit, holding $x _ { 2 }$ constant, the value of y is estimated to decrease by 0.001units, on average.

Question

A multiple regression model has the form ŷ = 24- 0.001x₁ + 3x₂. As x₁ increases by 1 unit, holding $x _ { 2 }$ constant, the value of y is estimated to decrease by 0.001units, on average.

Quizplus · Accepted Answer

The statement in the question matches with the description of the coefficient of the variable x₁, which is -0.001. Therefore, as x₁ increases by 1 unit, ŷ will decrease by 0.001 units, holding other variables constant.

A Multiple Regression Model Has the Form ŷ = 24 x2x _ { 2 }x2​

A Multiple Regression Model Has the Form ŷ = 24_{$x _ { 2 }$}