Simple Linear Regression

Daniel P. McGibney
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Daniel P. McGibney: University of Miami

Chapter Chapter 4 in Applied Linear Regression for Business Analytics with R, 2023, pp 57-90 from Springer

Abstract: Abstract In Albert Einstein’s quote above, he stresses the paramount importance of simplicity. In regression analysis, focusing on only two variables demonstrates the concepts simply. Thus, in Chap. 2 , we calculated the least squares line by using two variables. We also plotted scatterplots and calculated correlation coefficients to further assess the linear relationship. From this analysis, we obtained a detailed understanding of the relationship between two variables. Upon understanding a linear relationship, other more complicated processes become easier to grasp.

Date: 2023
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DOI: 10.1007/978-3-031-21480-6_4

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