Assume That There Is a Change in the Units of Measurement

question 2

Essay

Assume that there is a change in the units of measurement on X.The new variables X* = bX.Prove that this change in the units of measurement on the explanatory variable has no effect on the intercept in the resulting regression.

---

Definitions:

Unemployment Rate

The proportion of the workforce that is unemployed and actively looking for work.

Elderly

Individuals who are significantly beyond the average age of adulthood, often defined by retirement age, and who may require special care or consideration.

Day-Care Grandparents

Older adults who provide childcare support, often part of informal or formal caregiving arrangements.

Physical Care

The provision of tangible support to someone, including help with mobility, personal hygiene, and health needs.