Question
Economics Question on Linear regression
You are given the following data for two variables X and Y:
Xˉ=2.00,Yˉ=4.67
Regression coefficient of Y on X = 1.50
What is the estimated value of intercept in the regression of Y on X?
A
7.67
B
1.67
C
2.335
D
4.672
Answer
1.67
Explanation
Solution
The correct option is(B): 1.67