Interpretation of the coefficient of x 1be

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Suppose a multiple regression model is given by y =1.61x 1+5.58 x2 +30.48 What would an interpretation of the coefficient of x 1be?

An interpretation of the coefficient of x1 would be, "if x1 increases by 1 unit, then the response variable will increase by how many units, on average, while holding x2 constant?

Reference no: EM132195760

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