Use the following information for questions:
The simple linear regression equation can be written as $\hat{y}$ = $b_{0}$ + $ b_{1}x$
-In the simple linear regression equation, the symbol $\hat{y}$ represents the
A) average or predicted response.
B) estimated intercept.
C) estimated slope.
D) explanatory variable.

Question

Use the following information for questions:
 The simple linear regression equation can be written as $\hat{y}$ = $b_{0}$ + $ b_{1}x$
-In the simple linear regression equation, the symbol $\hat{y}$ represents the
A) average or predicted response.
B) estimated intercept.
C) estimated slope.
D) explanatory variable.

Quizplus · Accepted Answer

$\hat{y}$ represents the predicted value of the dependent variable (response variable) for any given value of the independent variable, hence it is the average or predicted response.

Use the Following Information for Questions: the Simple Linear y^\hat{y}y^​

Use the Following Information for Questions:
the Simple Linear $\hat{y}$