The initial value of a linear relationship is the dependent-variable value when the independent variable is zero; it is the y-intercept and the constant in an equation such as . It can be identified from a table, graph, equation, or context and distinguished from the rate of change, providing the starting amount for interpreting and constructing linear models.
The initial value is the value of the dependent variable, , when the independent variable, , is . In an equation of the form
the initial value is , the constant term. It is also the -intercept.
Example: A taxi fare is modeled by
where is the number of miles traveled and is the cost in dollars.
This means the taxi costs 42.50$ is the rate of change, or the cost per mile, not the initial value.
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