How is miles per gallon affected by engine horsepower?
By modelling fuel efficiency \(\text Y\) as a linear function of horsepower \(\text X\) I hope to find the answer.
\(y_i = \beta_0 + \beta_1 x_i + \varepsilon_i, \quad i = 1, \dots, n\)
- \(Y_i\): mpg (miles per gallon) of car \(i\)
- \(X_i\): horsepower of car \(i\)
- \(\beta_0\): intercept
- \(\beta_1\): slope
- \(\varepsilon_i\): random error