Lecture 15
2024-06-06
From the Fandango data set, we want to model audience
movie ratings based on critics
ratings.
A simple linear regression model is used to model the relationship between a quantitative outcome (\(Y\)) and a single quantitative predictor (\(X\)): \[\Large{Y = \beta_0 + \beta_1 X +\epsilon}\]
Where the solid line minimizes the sum of the squared residuals.
\[\widehat{\text{audience}} = 32.3 + 0.519 \times \text{critics}\]
✅ The intercept is meaningful in context of the data if
🛑 Otherwise, it might not be meaningful!