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Data Analysis with Minitab: How Do You Interpret the Unique Effect of Each Independent Variable in Minitab?

What Do Different Slopes in Regression Reveal About Each Predictor’s Impact?

Learn how to interpret the different slopes for independent variables in a regression model for your Minitab certification. Understand that each slope represents the unique effect of a predictor on the outcome variable, a key concept in data analysis.

Question

In regression, what do different slopes for independent variables represent?

A. The intercept of the regression line
B. Equal impact of all predictors
C. The unique effect of each independent variable on the outcome
D. Irrelevant variability that should be ignored

Answer

C. The unique effect of each independent variable on the outcome

Explanation

Slopes measure how each predictor affects the dependent variable. In multiple regression analysis, the slope associated with each independent variable quantifies its specific relationship with the dependent variable.​

Interpreting Individual Slopes

In a multiple regression model, which includes several independent variables (or predictors), each variable is assigned its own coefficient, also known as the slope or parameter estimate. This slope represents the average change in the dependent (outcome) variable for a one-unit increase in that specific independent variable, while all other independent variables in the model are held constant. The fact that the slopes are different signifies that each predictor has a distinct influence on the outcome.​

Comparing the Impact of Predictors

The varying slopes allow an analyst to assess the unique contribution of each predictor. For example, in a model predicting house price based on square footage and age, the slope for square footage would indicate how much the price changes for each additional square foot, holding the age of the house constant. Similarly, the slope for age would show how the price changes for each additional year of age, holding the square footage constant. By examining these different slopes, one can understand which factors have a stronger or weaker effect on the outcome variable.​

Evaluation of Other Options

A. The intercept of the regression line: This is incorrect. The intercept is a separate component of the model, representing the predicted value of the dependent variable when all independent variables are zero.​

B. Equal impact of all predictors: This is incorrect. If all predictors had an equal impact, their slopes would be identical (assuming they are measured on the same scale or standardized). Different slopes explicitly indicate different levels of impact.​

D. Irrelevant variability that should be ignored: This is false. The slopes are the central output of the regression analysis, representing the systematic relationships being modeled, not random or irrelevant variability.​

Data Analysis with Minitab: Analyze & Apply certification exam assessment practice question and answer (Q&A) dump including multiple choice questions (MCQ) and objective type questions, with detail explanation and reference available free, helpful to pass the Data Analysis with Minitab: Analyze & Apply exam and earn Data Analysis with Minitab: Analyze & Apply certificate.