Some Terminology o In the simple linear regression model where y=Bo+ Bx+ u, we typically refer to y as the a Dependent variable, or a Left-Hand Side Variable. or Explained variable, or Regressand
Statistical inference draws conclusions about a population [i.e., probability density function(DF)] from random sample that has supposedly been drawn from that population
Multiple Regression Model: A regression model with more than one explanatory variable, multiple because multiple nfluences (i.e., variables)affect the dependent variable