Simple regression analysis produces an equation of the form: Y= α + βX + ε

Name: Simple regression analysis produces an equation of the form: Y= α + βX + ε
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Simple regression analysis indeed produces an equation of the form Y = α + βX + ε, where Y is the dependent variable, α is the y-intercept, β is the slope of the regression line (representing the change in Y for a one-unit change in X), X is the independent variable, and ε represents the error term.

Simple Regression Analysis Produces an Equation of the Form: Y=