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The fraction/percentage of the variation in the values of y that is accounted for by the least-squares regression line of y on x.
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- Select all that applyA useful method to interpret the estimated coefficient is to highlight the changing impact of x on p. For instance, given x = 10, we compute the predicted probability as 0.4256. For x = 11, the predicted probability is pˆ=0.4700. Therefore, as x increases by one unit from 10 to 11, the predicted probability changes. Which of the following is true? Select all that apply!The predicted probability increases by 0.0444 if x increases from 20 to 21The predicted probability changes by 0.0444 but it could increase or decreaseThe predicted probability increases by 0.0444The increase in pˆ will not be the same if x increases from 20 to 21