What is the real world value of the y-intercept and slope, Ask an Expert

Statistics

1. What is the real world value of the y-intercept and slope in a regression equation?

2. Other than statistics problems, why should I care?

3. I know how to calculate, but what does it really mean when you apply it in a business setting?

4. When you use them in forecasting, how accurate can it really be? After all, there are so many factors (other than the regression equation) to consider?

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Category:- Statistics and Probability
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