We will start with the most familiar linear regression, a straight-line fit to data. A straight-line...

 

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We will start with the most familiar linear regression, a straight-line fit to data. A straight-line fit a model of the form y=ax+b where a is commonly known as the slope, and bis commonly known as the intercept. We will start with the most familiar linear regression, a straight-line fit to data. A straight-line fit a model of the form y=ax+b where a is commonly known as the slope, and bis commonly known as the intercept.

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Linear regression is indeed one of the most fundamental and widely used techniques in statistics and ... View the full answer