Econometric Chapter Two Simple Linear Regression Continoued

Описание: he term ‘simple’ refers to the fact that we use only two variables (one dependent and one independent variable).
Linearrefers to linear in parameters. it may or may not be linear in the variable.7 The parameters appear with a power of one & is not multiplied/divided by other parameters.

Simple linear regression is the simplest form of a regression analysis having a single explanatory variable related in linear form.