Concept

Simple Linear Regression

Simple Linear Regression predicts a model for the relationship between a predictor matrix (independent variable) XX and the response (dependent variable) YY. Y=β1X+β0+ϵY=\beta _1 X+\beta _0+\epsilon The coefficients β1\beta _1 and β0\beta _0 are called slope and intercept, respectively. The estimated values for these coefficients are shown as β1^\hat{\beta _1} and β0^\hat{\beta _0}. Y^=β1^X+β0^\hat{Y}=\hat{\beta _1} X+\hat{\beta _0}

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Updated 2021-10-23

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Data Science