Bivariate Regression

4 important questions on Bivariate Regression

What is the intercept b0

Start value. For example when someone has 0 years education, the starting earning level will be 10 euro per hour.

What is a slope (b)

Increasing or decreasing line of a variable. For example salary. Each day of education causes an increase in salary

Explain what bivariate regression is?

It's about predicting a value of Y from X
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What is the advantage of bivariate regression?

It can include more than one predictor variable

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