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 variables equals turnover intentions for the line managers and the independent variable equals the number of employees supervised.

Y=250-4.0X1 where the dependent variable is the number of hits on a new banner ad and the independent variable is the number of weeks the ad has run.

Response should be at least 75 words in length.

Solution

Y=5.0+.30X1 where the dependent variables equals turnover intentions for the line managers and the independent variable equals the number of employees supervised.

for each turnover intentions for the line manganers

we will have an increase of 0.30 in the number of employees supervised

Y=250-4.0X1 where the dependent variable is the number of hits on a new banner ad and the independent variable is the number of weeks the ad has run.

for each value of hits on a new banner we will have a decrease of 4 in the number of weeks the ad has run