Interpreting Regression Coefficients in Simple Regression
How are the regression coefficients interpreted in simple regression? The simple regression model is The formula for Regression Coefficients in Simple Regression Models is: $$b = \frac{n\Sigma XY – \Sigma X \Sigma Y}{n \Sigma X^2 – (\Sigma X)^2}$$ $$a = \bar{Y} – b \bar{X}$$ The basic or unstandardized regression coefficient …