Identify the steps in interpreting a regression model Interp

Identify the steps in interpreting a regression model. Interpret the following data: Y = 5.0 + .30X1 where the dependent variable equals turnover intentions for line managers and the independent variable equals the number of employees supervised and Y = 250

Solution

For every one unit increase in the number of employees, turnover intentions for line managers increases by .30. For every one unit increase in the number of weeks the ad has run, the number of hits on a new banner decreases by 4.0.