Linear Modelingmedium
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The original simple linear regression model is y^=β0+β1x\hat{y} = \beta_0 + \beta_1 x. If we transform the variables such that yi=3yiy'_i = 3y_i and xi=2xix'_i = 2x_i for all observations, what is the new slope β1\beta'_1 in terms of the original slope β1\beta_1?