Suppose a multiple regression model is given by y441x1 956x2

Suppose a multiple regression model is given by ^y=4.41x1- -9.56x2+29.87. What would be an interpreatation of the coefficent of x1 be?

An interpretation of the coeffecient of x1 would be \"if x1 decreases by 1 unit, then the response variable will decrease by __ units, on average, while holding x2 constant.\"

Solution

An interpretation of the coeffecient of x1 would be \"if x1 decreases by 1 unit, then the response variable will decrease by __ units, on average, while holding x2 constant.\"

BY 4.41 UNITS ON AVERAGE WHILE HOLDING X2 CONSTANT