![]() When there is just one independent variable it is called Simple Linear Regression. There can also be more than one independent variable. The wheat production variable is the dependent variable and the amount of rainfall is the independent variable. The independent variable is used in a regression model to estimate the value of the dependent variable.įor example, we take two kinds of variables such as amount of rainfall and wheat production. Independent Variable – An Independent Variable is the variable related to the dependent variable in a regression equation. This variable is assumed to be functionally related to the independent variable. ![]() It is important to know the following types of variables as well:ĭependent Variable – A Dependent Variable is the variable to be predicted or explained in a regression model. Linear Regression is based on Ordinary Least Square Regression.
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