Simple Linear Regression Formula:
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Simple linear regression is a statistical method that models the relationship between two variables by fitting a linear equation to observed data. One variable is considered to be an explanatory variable (x), and the other is considered to be a dependent variable (y).
The calculator uses the following formulas:
Where:
Explanation: The slope (b) represents how much y changes for each unit change in x, while the intercept (a) represents the predicted y value when x is zero.
Details: Linear regression is widely used for prediction and forecasting, understanding which factors are important in explaining the dependent variable, and identifying the strength of relationships between variables.
Tips: Enter comma-separated values for both x and y variables. Ensure both lists have the same number of values. The calculator will automatically compute all regression statistics.
Q1: What's the difference between correlation and regression?
A: Correlation measures the strength of association between variables, while regression describes how one variable numerically depends on another.
Q2: How many data points do I need?
A: While you can calculate regression with as few as 2 points, more data points provide more reliable results.
Q3: What assumptions does linear regression make?
A: Key assumptions include linearity, independence, homoscedasticity (constant variance), and normality of residuals.
Q4: How do I interpret the slope coefficient?
A: The slope represents the expected change in the dependent variable for a one-unit change in the independent variable.
Q5: What is R-squared?
A: R-squared measures the proportion of variance in the dependent variable that's explained by the independent variable (not shown in this simple calculator).