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A Linear Regression model's main aim is to find the best fit linear line and the ___ of intercept and coefficients such that the error is minimized.

7. A Linear Regression model’s main aim is to find the best fit linear line and the ___ of intercept and coefficients such that the error is minimized.

1. Optimal values
2. Linear line
3. Linear polynomial
4. None of the mentioned above

Answer: A) Optimal values

Explanation:

The basic goal of a Linear Regression model is to determine the best fit linear line and the ideal intercept and coefficient values such that the error is minimized. A linear regression model describes the relationship between one or more independent variables, X, and a dependent variable, y. A multiple linear regression model is a type of regression model that has numerous lines of regression. A multiple linear regression model is yi=β0+β1Xi1+β2Xi2+⋯+βpXip+εi, i=1,⋯,n