Question

Hello everyone,
I'm knew here, and need help please.
I've this question from Advance Statistics Method Class, I lost my mind, could'nt solving it.
it says for this problem, use the following multiple regression equation: Y(with an errow on top of it)= 5+ 2X1i + 1.5X2i
a. interpret the meaning of the slopes.
b. interpret the meaning of the Y intercept.
and I thing this is the answer, for part (a) b1 is 2 and b2 is 1.5
for part (b) b0 is 5
how about you guys what do you think, or tell me please the answer.

Answer 1

Welcome to OpenStudy! I hope you have a wonderful time! I'm sorry to say this but I'm not in statistics yet. I will try and direct people to come help you with your question! \[Welcome!\]

Answer 2

Thanks mangorox ^_^
hope you have a wonderful time too ..

Answer 3

sorry im in algebra 2

Answer 4

In all honesty, this may not be the best site for that sort of thing - most of the questions and levels of competance are up to some form of Calculus; so higher level statistics aren't exactly common-place...

Answer 5

The slopes tell you the best fit estimate of how the variable Y depend on the two independent variables, x1 and x2.

The Y intercept is the best fit for x1=0 and x2 = 0, this equation is a plane with Y the "height" and x1 and x2 the other two axes.

Answer 6

Well thank you guys for your cooperation. I've already suppmite my assignment. I wrote this in my answer sheet for part (a) b1 is 2 and b2 is 1.5 for part (b) b0 is 5 Hoping it is correct.