What is the meaning of the intercept

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Is economic growth in the developing world related to growth in the industrialized? countries? The output of a regression analysis that related growth? (in % of Gross Domestic? Product) of the developing countries (y) to the growth of developed countries (x) from 1980 to 2017 is given as:

y = 3.14+0.489x

What is the meaning of the intercept of this linear regression model?

-The intercept is the predicted growth of developed countries in years of 0 growth in developing countries.

-The intercept is the predicted growth of developing countries at year 0.

-The intercept has no meaning as the growth of the developed countries cannot be close to zero.

-The intercept is the predicted growth of developing countries in years of 0 growth in developed countries.

Reference no: EM132812868

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