December 23, 2020
Linear Regression involves finding out the line which gives the best estimate of dependent variable, when dependent variable is plotted against independent variable. Here we don’t find the locus but we decide beforehand that the straight line describes the relationship between the dependent and each independent variable. We instead focus on finding the best fit line i.e. the optimum slope and intercept.
by : Monis Khan
Quick Summary:
Linear Regression involves finding out the line which gives the best estimate of dependent variable, when dependent variable is plotted against independent variable. Here we don’t find the locus but we decide beforehand that the straight line describes the relationship between the dependent and each independent variable. We instead focus on finding the best fit […]