CUET-PG 2023 Shift 1 Question 26: Linear regression and OLS
Given below are two statements:
Statement I: In the simple linear regression model with an intercept, the regression slope when multiplied by the explanatory variable X will give the predicted Y.
Statement II: In the simple linear regression model, the regression slope indicates by how many units Y increases, given a one-unit increase in X.
In the light of the above statements, choose the most appropriate answer from the options given below:
Tap an option to check your answer.
Answer and worked solution
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Linear regression and OLS has come up 74 times in 7 exams since 2008.
What this question tests
This question is on Interpreting slopes, intercepts and rescaling, part of Linear regression and OLS in Econometrics.
Reading a fitted coefficient, and what changes when variables are rescaled.
TestStop has 12 past-paper questions on this subtopic.
