Simple Linear Regression is defined by Google as “a statistical method used to model the relationship between one dependent variable and one independent variable, aiming to find a straight line that best represents the data points”
It finds a linear relationship by using the following model: \[ Y = \beta_0 + \beta_1 X \]
Linear regression is used to find the points of \(\beta_0\) which is the intercept and \(\beta_1\) which is the slope.
It is used in Engineering, Economics, Biology, etc.