Simple vs Multiple Linear Regression
tags: #ML/supervised/regression
In a simple linear regression model - we are only dealing with one IDV, such that:
However - in most applications of OLS, we deal with more than 1 dependent variable for multiple linear regression, such that:
Interpreting a Multiple Linear Regression
When interpreting the effects of DV in response to multiple independent variables:
b0- the y-intercept is the mean response of the DV when ALL IDV/predictor variables equal to 0 or at reference level for categorical variables.
- becomes the partial slopeof the DV (y) and its corresponding- such that for every unit change in , Y changes by units - WHILE controlling for all other independent variables
Partial Slopes
Partial slopes refers to the amount of change in Y for a unit change in
Note: that when x = 0, the predicted value becomes the y-intercept: