Linear Regression Formula:
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Linear regression is a statistical method that models the relationship between a dependent variable (y) and one or more independent variables (x) by fitting a linear equation to observed data. The calculator provides the slope (m) and intercept (b) of the best-fit line.
The calculator uses the ordinary least squares method:
Where:
Explanation: The slope indicates how much y changes for each unit change in x, while the intercept represents the predicted y value when x is zero.
Details: Regression analysis is fundamental for understanding relationships between variables, making predictions, and testing hypotheses in fields like economics, biology, and social sciences.
Tips: Enter the sums of your data points (Σxy, Σx, Σy, Σx²) and the number of observations (n ≥ 2). The calculator will compute the slope and intercept of the best-fit line.
Q1: What does the slope represent?
A: The slope indicates the rate of change in the dependent variable (y) per unit change in the independent variable (x).
Q2: When is linear regression appropriate?
A: When the relationship between variables appears linear, residuals are normally distributed, and homoscedasticity is present.
Q3: What's the minimum number of data points needed?
A: At least 2 points are required, but more points increase the reliability of the estimates.
Q4: How do I interpret the intercept?
A: The intercept represents the predicted y value when x=0, but may not always have practical meaning if x=0 is outside the observed range.
Q5: What if my denominator is zero?
A: This occurs when all x values are identical, resulting in a vertical line (undefined slope).