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Author Question: In which of the following relationships does the intercept have a real-world interpretation? A) ... (Read 107 times)

D2AR0N

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on: Jun 29, 2018
In which of the following relationships does the intercept have a real-world interpretation?
 
  A) the relationship between the change in the unemployment rate and the growth rate of real GDP (Okun's Law)
  B) the demand for coffee and its price
  C) test scores and class-size
  D) weight and height of individuals

Question 2

To decide whether the slope coefficient indicates a large effect of X on Y, you look at the
 
  A) size of the slope coefficient
  B) regression R2
  C) economic importance implied by the slope coefficient
  D) value of the intercept


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krakiolit

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: A


D2AR0N

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

nathang24

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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