develop the estimated simple linear regression equation

The graph is called the estimated regression line.The estimated simple linear regression equation.Estimated Simple Linear Regression Equation Is the estimated value of y for a given x value. Negative Linear Relationship Intercept b0 Regression line Slope b1 is negative.Positive Linear Relationship Regression line Intercept b0 Slope b1 is positive.E(y) is the expected value of y for a given x value.Į(y) x Simple Linear Regression Equation.b1 is the slope of the regression line.b0 is the y intercept of the regression line.Graph of the regression equation is a straight line.The simple linear regression equation is: E(y) = 0 + 1x.e is a random variable called the error term.b0 and b1 are called parameters of the model,.The simple linear regression model is: y = b0 + b1x +e where:.an error term is called the regression model.The equation that describes how y is related to x and.The relationship between the two variables is approximated by a straight line.independent variables is called multiple regression.Simple linear regression involves one independent.The variables being used to predict the value of the dependent variable are called the independent variables and are denoted by x.The variable being predicted is called the dependent variable and is denoted by y.Regression analysis can be used to develop an equation showing how the variables are related.Managerial decisions often are based on the relationship between two or more variables.

Develop the estimated simple linear regression equation