(Solved):
Suppose you have a dataset with one independent variable ( x ) and one dependent variable (y). You ...
Suppose you have a dataset with one independent variable ( x ) and one dependent variable (y). You fit a linear regression model to the data and obtain the following regression line: Y=2X+1. Which of the following statements is true? The slope of the line is 1. For every two unit increase in X, there is a one unit increase in Y. For every one unit increase in X, there is a two unit increase in Y The R∧2 value of the model is 2 .