Classical linear regression (CLR)

Classical linear regression (CLR),

Definition of Classical linear regression (CLR):

  1. Model statistical-tool used in predicting future values of a target (dependent) variable on the basis of the behavior of a set of explanatory factors (independent variables). A type of regression analysis model, it assumes the target variable is predictable, not chaotic or random.

Meaning of Classical linear regression (CLR) & Classical linear regression (CLR) Definition