A linear equation is drawn as a straight line on a set of axes. To draw the graph we need coordinates. We generate these coordinates by substituting values into the linear equation. STEP 1 - Draw a ...

Plot points with coordinates where \(x\) and \(y\) are equal. Three points are sufficient, but more can be plotted. Draw a line through the plotted points. If \(x\) is positive, \(y\) is negative. If ...

The adjusted r-squared is helpful for multiple regression and corrects for erroneous regression, giving you a more accurate ...

Consumer surplus is the amount exceeding an equilibrium price the consumer is willing to pay. The equilibrium price is an idealized price, in which the demand for the good equals its supply. If the ...