Assume the Least Squares Equation Is Y' = 10

question 149

Multiple Choice

Assume the least squares equation is Y' = 10 + 20X. What does the value of 10 in the equation indicate?

• A) Y intercept
• B) For each unit increased in Y, X increases by 10
• C) For each unit increased in X, Y increases by 10
• D) None of these statements are correct

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Definitions:

Takeover

The acquisition of control of a company by another, through the purchase of a majority of its shares or through other strategies.

Acquisition

The act of one business securing the bulk or all of another company’s equity to take over control.

Shareholders

Individuals or entities that own shares in a corporation, thus holding a portion of the company's equity.