In Reference to the Equation $\hat { y } = - 0.80 + 0.12 x _ { 1 } + 0.08 x _ { 2 }$

question 59

True/False

In reference to the equation $\hat { y } = - 0.80 + 0.12 x _ { 1 } + 0.08 x _ { 2 }$ , the value 0.12 is the average change in y per unit change in x₁, when x₂ is held constant.

---

Definitions:

Consumption

The act of using goods and services to satisfy needs and wants.

Inversely Related

A relationship between two variables in which one increases as the other decreases, and vice versa.

Independent Variable

In research and experimentation, the variable that is manipulated or changed to observe its effects on a dependent variable.

Dependent Variable

In an experiment or study, it is the variable that is tested and measured, and it is expected to change as a result of changes in the independent variable.