Simple linear regression is a statistical method used to model the relationship between two variables: one independent variable and one dependent variable
Simple linear regression assumes that the relationship between these variables can be described by a straight line
We commonly understand the formula of a straight line to be: \[ y = mx + b \] or \[ y = ax + b \]
The formula for simple linear regression is fairly similar, but we alter it to better model the relationship between a dependent variable and an independent variable in statistical analysis