Statistics, Regression, Data Science, Machine Learning, AI.
Coefficients (β₁, β₂, β3₃, …) are the values that measure the magnitude of impact of each independent variable on the dependent variable. A one-unit change in X₁, for instance, will result in a β₁ change in Y if all the other Xₛ are constant. The equation for finding the value of β₁ in a simple