The values of a and b found in the equation of the estimated regression line represent the line's y-intercept and slope, respectively, and are called estimated regression coefficients.

Question

The values of a and b found in the equation of the estimated regression line  represent the line's y-intercept and slope, respectively, and are called estimated regression coefficients.

Quizplus · Accepted Answer

The statement is true. The values of a and b in the estimated regression equation represent the y-intercept and slope, respectively. These are also known as the estimated regression coefficients.

The Values of a and B Found in the Equation