Calculation of a Simple Regression Model

Briefly state what question you are trying to answer when you use
simple regression.

Please use your own words and not text book...I really need to understand this in the simplest terms possible. Like kinder garden...

© SolutionLibrary Inc. solutionlibary.com 9836dcf9d7 https://solutionlibrary.com/statistics/correlation-and-regression-analysis/calculation-of-a-simple-regression-model-7eq7

Solution Preview

...is a method for finding the relationship between two variables. The relationship is used to predict the values of unknown variable when the value of the other variable is available .
Example : We can use simple linear regression analysis techniques to identify the relationship between sales and advertisement cost. Here ...