We review what the main goals of regression models are, see how the linear regression models tie to the concept of linear equations, and learn to interpret the coefficients of a simple linear regression model with an example.
TABLE OF CONTENTS:
00:00 Simple Linear Regression
00:17 Objectives of Regressions
02:54 Variable’s Roles
03:30 The Magic: A Linear Equation
04:21 Linear Equation Example
05:24 Changing the Intercept
06:02 Changing the Slope
07:00 But the world is not linear!
07:44 Simple Linear Regression Model
08:25 Linear Regression Example
09:16 Data for Example
09:46 Simple Linear Regression Model
10:17 Regression Result
11:02 Interpreting the Coefficients
12:38 Estimated vs. Actual Values
