simple linear regression

simple linear regression definition - business

simple linear regression

An expression of the value of one variable (the dependent variable) as a function of another variable (the independent variable). For example, the wholesale price of gasoline might be expressed as $1.00 + 0.05(oil price per barrel).

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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