Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What is the meaning of intercept or constant in the regression model? how you can interpret it?

Is the intercept important in regression model? Can it be ignore?

user-image
Question added by sagar uparkar , Manager , Icici Bank
Date Posted: 2015/08/09
Chanaka Kaluarachchi
by Chanaka Kaluarachchi , Research Assistant , Otago University

Intercept means the value of  response variable when all dependent  variables are zero.Some time your intercept does not have a meaning.  for example your "Y" is age and "X"  persons height. there is no meaning interpreting height zero person.but imaging your "X" variable is temperature of the day  and response "Y"  sales of a ice cream.  then you can interpret in a meaning full way.Hope this helps.Cheers.

More Questions Like This