Linear Regression

Linear Regression

Linear Regression: Response variable changes as a particular predictor variable changes

Independent Variables predicting/estimating Dependent Variable

Example 1 

Independent Variables in place while determining the price of the house

100 sq ft can get 1000

50 sq ft can get 500

Independent variables predict the outcome of Dependent Variable

Recession: Real estate prices drop

Example 2

Independent variable estimating outcome of Dependent Variable

Availability of Lard can get one through their cooking 

Recession can impact the sale of commodities

Lack of Lard in the market/ Decline in purchasing power gets one nowhere

Praise the LARD as long as you have it

Lard lets you to have 

FRY DAY