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Data Science for Decision Makers

You're reading from   Data Science for Decision Makers Enhance your leadership skills with data science and AI expertise

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Product type Paperback
Published in Jul 2024
Publisher Packt
ISBN-13 9781837637294
Length 270 pages
Edition 1st Edition
Languages
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Author (1):
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Jon Howells Jon Howells
Author Profile Icon Jon Howells
Jon Howells
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Table of Contents (20) Chapters Close

Preface 1. Part 1: Understanding Data Science and Its Foundations
2. Chapter 1: Introducing Data Science FREE CHAPTER 3. Chapter 2: Characterizing and Collecting Data 4. Chapter 3: Exploratory Data Analysis 5. Chapter 4: The Significance of Significance 6. Chapter 5: Understanding Regression 7. Part 2: Machine Learning – Concepts, Applications, and Pitfalls
8. Chapter 6: Introducing Machine Learning 9. Chapter 7: Supervised Machine Learning 10. Chapter 8: Unsupervised Machine Learning 11. Chapter 9: Interpreting and Evaluating Machine Learning Models 12. Chapter 10: Common Pitfalls in Machine Learning 13. Part 3: Leading Successful Data Science Projects and Teams
14. Chapter 11: The Structure of a Data Science Project 15. Chapter 12: The Data Science Team 16. Chapter 13: Managing the Data Science Team 17. Chapter 14: Continuing Your Journey as a Data Science Leader 18. Index 19. Other Books You May Enjoy

Interpreting the slope of a regression line

In this section, we’ll focus on the significance of the slope of a regression line and how it informs our understanding of the relationship between variables. By studying the slope, we can derive meaningful insights from our regression models and make well-informed decisions. We’ll illustrate this concept through various examples, highlighting the practical implications of interpreting the slope.

Recall that the equation for a simple linear regression line is as follows:

y = a + bx

The slope, b, represents the average change in the dependent variable, y, for each one-unit increase in the independent variable, x. In other words, it tells us how y is expected to change as x changes.

Let’s explore some examples to better understand the interpretation of the slope.

Example 1: A fitness coach has developed a simple linear regression model to predict weight loss based on the number of calories burned during exercise...

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