Linear Regression Equation Explained. Income happiness lm lm happiness income data income data summary income happiness lm the output looks like this. Interpreting the regression.
Our regression line is going to be y is equal to we figured out m. To perform a simple linear regression analysis and check the results you need to run two lines of code. R square also known as the coefficient of determination is a commonly used statistic to evaluate the model.
Linear regression analysis the regression equation.
Apart from business and data driven marketing lr is used in many other areas such as analyzing data sets in statistics biology or machine learning projects and etc. It is not generally equal to y from data. Our regression line is going to be y is equal to we figured out m. ε y is the mean or expected value of y for a given value of x.
