![]() The linear regression is an extremely used concept in statistics and economics in the analysis of the markets, prices, supply and demand, as it helps in a better understanding of a phenomena involving a dependent variable and one or more explanatory ones. ![]() The simple linear regression is the statistics model in which the dependent variable is influenced by a single explanatory variable and its equation also called the line of best fit of dataset(x,y) is written as y = a + bx. In statistics, linear regression is a model which describes the relation between a scalar dependent variable (y) and one or multiple explanatory variables (x). ![]() How does this linear regression calculator work?
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