Context
Linear model output
A youth group models total ticket income from the number of tickets sold.
Simulated output
> model <- lm(income ~ tickets, data = sales)
> coefficients(model)
(Intercept) tickets
42.10 5.70
Fitted model: income = 42.10 + 5.70 x ticketsIntercept
42.10
The model's starting value when tickets is 0. It may not have a useful real-life meaning.
Slope
5.70
For each extra ticket, predicted income increases by about 5.70 pounds.
Prediction
Use with care
Predictions are more reliable inside the range of data used to fit the model.
What it means
The slope is the most useful value for explaining how the variables are linked. The intercept should be interpreted only if zero tickets makes sense in context.
What to write
The model predicts that each extra ticket sold increases income by about 5.70 pounds. Predictions should be treated cautiously if the number of tickets is outside the original data range because that would be extrapolation.
Watch out
Check which coefficient matches the question. For rate of change, use the slope beside the explanatory variable.
Which value tells you the increase in income per extra ticket?
Choose an option, then check the feedback.