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Simple Regression
Simple regression is a statistical method used to examine the relationship between one independent variable and one dependent variable by fitting a linear equation to observed data.
Slope
The measure of the steepness or incline of a line, indicating the rate of change between two variables.
Mean Value
Mean value is the average of a set of numbers, calculated by dividing the sum of all values by the quantity of numbers.
Error Term
A variable in a statistical model that captures the difference between observed and predicted values.
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