The equation for a straight line (deterministic model) is y=β0+β1x.
If the line passes through the point (−10,10), then x = −10, y = 10 must satisfy the equation; that is, 10=β0+β1(−10).
Similarly, if the line passes through the point (3,12), then x = 3, y = 12 must satisfy the equation; that is, 12=β0+β1(3).
Use these two equations to solve for β0 and β1; then find the equation of the line that passes through the points (−10,10) and (3,12).
A. Find β0 and β1.
β1 =
β0 =
(Simplify your answers. Type integers or simplified fractions.)
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