Explain the purpose of simple linear regression and scatter diagrams. Please provide a simple linear regression model and define each variable used.

Answer the following questions in 1 to 2 pages

  1. What benefit does a variable provide when developing and examining models?
  2. Explain the purpose of simple linear regression and scatter diagrams. Please provide a simple linear regression model and define each variable used.
  3. Describe multiple regression analysis and discuss potential uses for this model

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