.Question 7In the simple linear regression model, what does β1 represent?Y = β0 + β1X + ε1 pointthe variation of X around the linethe intercept parameterthe predictor variablethe slope parameterthe variation of Y around the line

In simple linear regression, If Slope β1 is 0, there is

Question 21Which of the following statements about the regression line is not correct?1 pointTheconstant indicates the place where the regression line crosses the Y-axis. The regression line is the line of which the sum of the residuals is the smallest.The regression line can run horizontally.The regression coefficient is the change in the Y value with 1 unit increase in the X value.

In a simple regression analysis, the Y-intercept represents:A.The error term in the model.B.The estimated value of the dependent variable (Y) when X is zero.C.The slope of the regression line.D.The strength of the linear relationship between X and Y.

2. Discuss Linear Regression with an example.

The independent variable is used to explain the dependent variable in ________.(1 Point)Linear regression analysisMultiple regression analysisNon-linear regression analysisNone of the above