What do the coefficients in linear regression represent?
An example of an AI chatbot conversation about understanding linear regression coefficients.
What do the coefficients in linear regression represent?
The coefficients in linear regression represent the relationship between each independent variable and the dependent variable.
Can you explain how to interpret a positive coefficient?
A positive coefficient indicates that as the independent variable increases, the dependent variable also tends to increase.
What about a negative coefficient?
A negative coefficient suggests that as the independent variable increases, the dependent variable tends to decrease.
How do I calculate these coefficients?
Coefficients are typically calculated using methods like Ordinary Least Squares (OLS), which minimizes the sum of squared errors.
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