Regression
Regression
This is the most basic form of regression analysis. It models the relationship
between two variables:
#### Formula:
Y = a + bX + ε
Where:
#### Example:
If you want to predict a student’s test score (Y) based on the number of
hours studied (X), simple linear regression would give a straight-line equation
showing their relationship.
#### Formula:
Where:
- a = intercept.
- ε = error term.
#### Example:
If you want to predict house prices (Y) based on multiple factors like square
footage (X₁) and number of bedrooms (X₂), multiple regression considers how
all these variables collectively impact the price.
#### Formula:
The equation depends on the specific nonlinear model being used. For
example:
Or:
#### Example:
If you want to model population growth (Y) over time (X) and the growth rate
accelerates exponentially, a nonlinear regression model would better
describe this relationship.
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