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4. Regression Analysis

Regression Analysis – Simple Linear Regression

Simple linear regression is a model that assesses the relationship between a dependent variable and an independent variable. The simple linear model is expressed using the following equation:

Y = a + bX + ϵ

Where:

Y – Dependent variable

X – Independent (explanatory) variable

a – Intercept

b – Slope

ϵ – Residual (error)

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