Question

In the equation $y_i = β_0+β_1.X_1+ε_1, \ β_0$ stands for

• A. the gradient of the line
• B. intercept of the line on the y-axis
• C. the deviation of the point from the line
• D. the dependent variable

Answer 1

Answer: (B)

intercept of the line on the y-axis

Answer 2

The correct option is (B): intercept of the line on the y-axis.