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Explain the mathematical formula for Simple Linear Regression.

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Explain the mathematical formula for Simple Linear Regression.
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In Simple Linear Regression, the relationship between the dependent variable Y and the independent variable X is represented by the equation:

Y = β0 + β1 * X + ε

Where:

  • Y: Dependent variable (target)
  • X: Independent variable (feature)
  • β0: Intercept
  • β1: Slope coefficient
  • ε: Error term
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