Q: Can you tell me what Linear Regression is, please?
13 September 2012
Linear Regression Analysis is a statistical method we use to find the equation for the trend line.
Linear Regression Analysis is a statistical method we use to find the equation for the trend line. The method is based on the assumption that the trend line is a straight line and therefore has the form y = a + bx (a linear equation) where:
y = the sales level at a particular point in time
x = that point in time (where x = 1 is the first period of time included in the past...