Introducing Regression Models
Definition: Regression models are mathematical methods that predicts a continuous outcome (usually called y) based on the value of one or more predictor variables (x).
Motivation: Determine the nature of the relationship between the two numerical variables and quantify it
In this episode, we learned what a regression Model, and now can identify a Simple Linear Regression Model in context. In future episodes, we will examine how to actually construct the relationships, by finding \(\beta_1\), \(\beta_0\).