Video 1: Introduction to Simple Linear Regression

We review what the main goals of regression models are, see how the linear regression models tie to the concept of linear equations, and learn to interpret the coefficients of a simple linear regression model with an example. TABLE OF CONTENTS: 00:00 Simple Linear Regression 00:17 Objectives of Regressions 02:54 Variable’s Roles 03:30 The Magic: A Linear Equation 04:21 Linear Equation Example 05:24 Changing the Intercept 06:02 Changing the Slope 07:00 But the world is not linear! 07:44 Simple Linear Regression Model 08:25 Linear Regression Example 09:16 Data for Example 09:46 Simple Linear Regression Model 10:17 Regression Result 11:02 Interpreting the Coefficients 12:38 Estimated vs. Actual Values