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Interpreting Intercept and Slope

Author: Jonathan Osters

Source: Tables and graphs created by Jonathan Osters

Video Transcript
Terms to Know
Slope of a least-squares regression line

The amount by which the response variable increases or decreases, on average, when the explanatory variable increases by one.

y-intercept of a least-squares regression line

The predicted value of the response variable when the explanatory variable is zero.