Forecasting
In the context of simple linear regression, slope refers to the measure of the steepness or incline of the regression line, representing the relationship between the independent variable (x) and the dependent variable (y). The slope indicates how much the dependent variable is expected to change for each one-unit increase in the independent variable, essentially quantifying the effect of the predictor on the outcome. It is a crucial component in understanding how variables relate to each other within a linear framework.
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