- Simple linear regression attempts to find a linear function for x and y data points
- The goal is to predict the values of the dependent (y) variable from the linear function
- The basic formula is: \(y =\beta x + \alpha\) where \(\beta\) is the slope and \(\alpha\) is the y intercept
- Once \(\alpha\) and \(\beta\) values are found, the formula can predict y values given new x values
- The next slides will look at data sets and apply/show linear models to them