What is simple linear regression?
Simple linear regression displays the closest linear form of how a quantitative independent variable influences a quantitative dependent variable through the use of “a line of best fit”.
What are its purposes?
- Better interpret how one variable influences the other as mentioned above
- Helps researchers form predictions based on the model’s line of best fit
Mathematical Representation
The line of best fit is represented by the equation \(y = mx + b\), where y can be associated with the dependent variable and x with the independent variable. When considering simple linear regression, this can be rewritten as \(y = \beta_1x + \beta_0 + \epsilon\) where:
\(\beta_0\) = y-intercept where (0, \(\beta_0\))
\(\beta_1\) = regression coefficient which is equivalent to slope
\(\epsilon\) = error between the actual points and line of best fit