In a simple linear regression line, the rate of change of one variable is measured against another. The resulting equation is listed below. What does the term (b0) stand for?

Question

Quizplus · Accepted Answer

The term b0 stands for intercept.
Key Takeaway: In a simple linear regression equation an unknown value of variable Y is predicted from a known value of variable X. The other components of the equation include two coefficients that are derived from a set of data that match values of variables X and Y. b0 represents the y-intercept value (when x=0) when this data is plotted and a line of best fit is drawn.

In a Simple Linear Regression Line, the Rate of Change