What is the formula for simple linear regression

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Best Answer

Y=β0+β1X+ϵ

y=β0+β1x+ϵ

y = \beta_0 + \beta_1x + \varepsilon

Where:

- \( y \) = dependent variable

- \( x \) = independent variable

- \( \beta_0 \) = intercept

- \( \beta_1 \) = slope

- \( \varepsilon \) = erorr term