Intro to Probability for Business
Slope is a measure of the steepness or inclination of a line, often represented in the context of linear relationships as the ratio of the change in the dependent variable to the change in the independent variable. In regression analysis, the slope quantifies how much the dependent variable is expected to increase or decrease when the independent variable increases by one unit. This concept is crucial for understanding the relationship between variables and predicting outcomes based on their association.
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