Real world value of the y-intercept

Reference no: EM1397107

1. What is the real world value of the y-intercept and slope in a regression equation?

2. Other than statistics problems, why should I care?

3. I know how to calculate, but what does it really mean when you apply it in a business setting?

4. When you use them in forecasting, how accurate can it really be? After all, there are so many factors (other than the regression equation) to consider?

Reference no: EM1397107

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