1. Linear Regression
The B1 value tells us that for every unit change in X, it will contribute to the Y by 1833.9 units. Since we have a positive slope, a one-unit increase in X will lead to an increase in Y by 1833.9 units. ... There are three important terms the Sum of the Squared Error, the Sum of Squared Regression and the Sum of Squared total variation. ... The R-squared value is located under R-Sq on the print out and this equals 30.3%. ... We can find this value using the equation R-squared=SSR/SST. ...
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- Grade Level: High School