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Briefly discuss the three major methods of measuring delinquency. Provide examples of each measure.
Y-Intercept
The point where a line or curve crosses the y-axis of a graph.
Slope
In mathematics and statistics, the measure of the steepness or incline of a line, calculated as the ratio of the vertical change to the horizontal change between two points on the line.
Least Squares Regression Line
A linear line that optimally aligns with the scatter plot data points by minimizing the total of the squared vertical deviations from the line.
Predicted Value Of Y
The value estimated based on a regression line for a given X value in the context of linear regression.
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