Asked by Monica Landrum on Jun 05, 2024
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What is the difference between a simple linear regression model and a multiple linear regression model?
Multiple Linear Regression
A statistical method that employs multiple explanatory variables to forecast the result of a dependent variable.
Simple Linear Regression
a statistical method that models the relationship between a dependent variable and one independent variable using a linear equation.
Regression Model
A statistical model that estimates the relationship between a dependent variable and one or more independent variables.
- Understand the basic concepts and differences between simple and multiple linear regression models.
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Learning Objectives
- Understand the basic concepts and differences between simple and multiple linear regression models.
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