Linear Modelinghard
0:00.0

Consider the model Y=β0+β1X+ϵY = \beta_0 + \beta_1 X + \epsilon. If we transform the independent variable to X=3X+5X^* = 3X + 5 and the dependent variable to Y=2Y4Y^* = 2Y - 4, what is the new slope β1\beta_1^* in terms of the original slope β1\beta_1?