Simple Linear regression Flashcards
Understand simple linear regression
What is regression?
A way to study relationships between variables
What is the assumption of linear models?
Constantly increasing or decreasing relationships between each explanatory variable and the response
What is the general form of a simple linear model?
Y= Bo + B1X + E
What is Bo in linear regression?
The intercept of the regression line
What is B1 in linear regression?
The gradient of the regression line
What is E in linear regression?
The Error term (assumed normally distributed in the y direction)
What are the hypothesises of the simple linear model?
Ho: The gradient = 0
H1: The gradient does not = 0
What is the name given to the vertical distances between observed data and the line of best fit?
Residuals
What is the least squares criterion?
- A fitted line that minimises the summed squares of the residuals
- The value is given by the sum of the data value minus the model value all squared
What is the model that can be used for predicting y given any x in simple linear regression?
Y = Bo + B1X