Home /
Expert Answers /
Economics /
in-the-simple-linear-regression-model-y-i-beta-0-beta-1-x-i-xi-i-the-intercept-is-typ-pa190
(Solved): In the simple linear regression model Y_(i)=\beta _(0)+\beta _(1)x_(i)+\xi _(i) the intercept is typ ...
In the simple linear regression model
Y_(i)=\beta _(0)+\beta _(1)x_(i)+\xi _(i)the intercept is typically small and unimportant.
\beta _(0)+\beta _(1)x_(i)represents the population regression function. the absolute value of the slope is typically between 0 and 1.
\beta _(0)+\beta _(1)x_(i)represents the sample regression function.
