Question:
In the equation \(y_i = β_0+β_1.X_1+ε_1, \ β_0\) stands for
In the equation \(y_i = β_0+β_1.X_1+ε_1, \ β_0\) stands for
Updated On: Jul 3, 2024
- the gradient of the line
- intercept of the line on the y-axis
- the deviation of the point from the line
- the dependent variable
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The Correct Option is B
Solution and Explanation
The correct option is (B): intercept of the line on the y-axis.
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