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What is simple linear regression analysis?

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posted Jun 21 by Divya Shree

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Simple linear regression analysis is a statistical tool for quantifying the relationship between just one independent variable (hence “simple”) and one dependent variable based on past experience (observations). For example, simple linear regression analysis can be used to express how a company’s electricity cost (the dependent variable) changes as the company’s production machine hours (the independent variable) change

answer Jun 22 by Naveen Kumar
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