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A Linear Regression model's main aim is to find the best fit linear line and the ___ of intercept and coefficients such that the error is minimized.
7. A Linear Regression model’s main aim is to find the best fit linear line and the ___ of intercept and coefficients such that the error is minimized.
- Optimal values
- Linear line
- Linear polynomial
- None of the mentioned above
Answer: A) Optimal values
Explanation:
The basic goal of a Linear Regression model is to determine the best fit linear line and the ideal intercept and coefficient values such that the error is minimized. A linear regression model describes the relationship between one or more independent variables, X, and a dependent variable, y. A multiple linear regression model is a type of regression model that has numerous lines of regression. A multiple linear regression model is yi=β0+β1Xi1+β2Xi2+⋯+βpXip+εi, i=1,⋯,n