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Understanding the essentials of linear regression

Understanding the essentials of linear regression - SQL Tutorial

From the course: Complete Guide to AI and Data Science for SQL Developers: From Beginner to Advanced

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Understanding the essentials of linear regression

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- [Instructor] In the last video, you were introduced to regression analysis and one of the common forms of it, linear regression, the heartbeat of predictive analytics. In this video, we'll spotlight the regression formula and help you grasp the big picture of applying linear regression. So let's unwrap linear regression. Picture it as your key to the vast toolkit of data science. It's literally about drawing a direct line through your dataset to highlight the relationship between independent variable, think ad spend, and dependent variable, like sales revenue. The beauty of linear regression is in its simplicity, offering clear, interpretable predictions that are gold for making informed decisions. Let's look at the classic linear equation: y = mx+b, which is also known as the slope intercept formula. Imagine this, let's say you're curious about predicting a skater's speed down a ramp or their exact position on it, focusing on two main aspects of the ramp they're using: its slope…

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