In the simple linear regression model,β₀ is the y-intercept of the line .

Name: In the simple linear regression model,β 0 is the y-intercept of the line .
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

The y-intercept (also known as the intercept or slope-intercept form) of a simple linear regression line is represented by the constant β0 or b0, which is also sometimes denoted as β₀. This is where the line crosses the y-axis when x is equal to zero. Therefore, the statement is true.

In the Simple Linear Regression Model,β0 Is the Y-Intercept of the Line

In the Simple Linear Regression Model,β₀ Is the Y-Intercept of the Line