Write the simple linear regression equation and interpret the rate of change in dependent and independent variables, if slope of a regression line is 3 units.
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Linear regression:
Explanation:
The simple linear regression equation provides the estimate of the population regression line.
Y = a + bX ...(1)
where
Y = dependent variable
a = regression intercept
b = slope of the line
X = independent variable
∴ Y = a + bX is the required equation.
Given that the slope of a regression line is 3 units.
i.e. b = 3 units.
Put this value in eq (1)
Y = a + 3 X
Divide above eq by X
∴
This is the rate of change in dependent and independent variables.
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