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In a simple linear regression equation, if X increases by 3: Select one: a. Y increases by B1 b. Y increases by B1/3 c. Y increases by 3 * (Bo + B1) d. none of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In a simple linear regression equation, if X increases by 3:

Select one:

a. Y increases by B1

b. Y increases by B1/3

c. Y increases by 3 * (Bo + B1)

d. none of the above

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