I'm running a simple linear regression with one explanatory variable.
however my constant term is insignificant (P>0.05). What is the implication of this? How do I interpret/remedy an insignificant constant?
thanks
I have excluded the constant as it is insignificant, my issue is with interpretation. My dependent is ice lolly sales and intuitively I would expect a base levels of sales over time (constant) regardless of other factors.
I know an insignificant constant means I'm missing explanatory factors but I only have data for one factor in this case (average temperature).