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Linear-Regression-on-Swedish-Auto-Insurance-Dataset

Simple linear regression is a statistical method that allows us to summarize and study relationships between two continuous (quantitative) variables:

One variable, denoted x, is regarded as the predictor, explanatory, or independent variable. The other variable, denoted y, is regarded as the response, outcome, or dependent variable. Because the other terms are used less frequently today, we'll use the "predictor" and "response" terms to refer to the variables encountered in this course. The other terms are mentioned only to make you aware of them should you encounter them in other arenas. Simple linear regression gets its adjective "simple," because it concerns the study of only one predictor variable. In contrast, multiple linear regression, which we study later in this course, gets its adjective "multiple," because it concerns the study of two or more predictor variables.

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